Bitcoin is priced in the region of $ 16,000 this morning with around 1% gain. In terms of performance, BTC, which showed a strong momentum and volume increase this year, has doubled its gold return by 125% since the beginning of the year. Although the popularity of Bitcoin Google trend searches is not as popular as in 2017, the number of BTC addresses shipping has settled at an all-time high. This situation shows us that interest in the network is intense.

When we consider BTC / USD technically, we follow the major upward trend that has occurred since March 13. However, in recent days, the movements in the region of $ 16,000-16,500 could not touch the upper band of the channel and break upwards. In addition, there is a decline in volume in the upper band of the channel, which is a resistance zone, and excessive purchase in the greed index. In addition, the fact that horizontal oscillators are also overbought puts the intraday correction scenarios in the foreground. Weekly BTC volatility has reached 7.5% levels. For this reason, the volatility of BTC has increased until the daily movement area of ​​2%. It is useful to revise support, resistance, or profit-stop levels according to volatility.

While Ethereum has not been able to break the $ 460, which we call the most important resistance for the last week, this morning it continues its transactions in the range of $ 450-460. Demand for negative interest bonds continues worldwide. However, if Bitcoin and 2.0 update occurs, Ethereum may also come to the fore with the safe harbor demand. In Ethereum, the test called Pyrmont will come online on November 18th. If the testnet, which is expected to start with 100 thousand validators (unique account), is provided, it can be expected to have a positive reflection on ETH prices.

When we consider ETHUSD technically, the point guard is $ 460. Although the bullish channel continues, prices, which are currently flat, have not crossed the middle band. The momentum in prices can only accelerate when it passes to the upper-middle band. Therefore, the $ 460 level will be followed throughout the week. For now, the horizontal trading strategy continues. A small OBO formation has been formed in the 4 hour period. If $ 455-460 is not broken, a correction can be seen to the downside to $ 430 levels.