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Tamilnadu Crypto News
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By @tamil_btc
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ETH Update

🔸ETH had a strong rally after breaking out of a multi-month downward parallel channel.
🔸This movement also invalidated a bearish flag, indicating a shift towards bullish momentum.

🔸Currently, ETH is nearing a significant resistance level at 1,650, so some market corrections may occur at this point.

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⚡️Glassnode: The current cryptocurrency growth is as close as possible to bitcoin's spring 2019 reversal

The price must exceed $22,400 to confirm local growth 💰
#Bitscrunch is mentioned here for doing AI Project Investors
Binance Will List Rocket Pool (RPL) in the Innovation Zone
Trade on signup.asia/binance
Learn & Earn Lunar New Year Special: Receive Free Crypto by Completing Courses & Quizzes! (2023-01-17)


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The 22nd Quarterly BNB Burn Completed via BNB Auto-Burn
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#BTC INTRADAY UPDATE

VOLATILITY EXPECTED: MEDIUM

EXPECTED SCENARIO:
Expecting high volatility during USA session 1.30 PM UTC / 7PM UTC. Today is the last event for this month, hence expecting BTC to move in either direction after today.
Bearish once we close 1H candle below INTRADAY FLIP LINE(20900$). Look for Supports in that case.

BULL CASE:
Resistance R1(21900) can be tested if we remain bullish.

BEAR CASE:
Bearish once we close 1H candle below INTRADAY FLIP LINE(20900$)

NOTE:
BTC is at resistance 21500$. As long as we are above 17500$, we can remain bullish.
Below 16000$ we may go as low as 12000$

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Crypto Fear/Greed Index
Status: Neutral
Value: 52/100
Next Update in 19 hours
Bitcoin is hunting the stop loss for short positions. Price is continuously testing the resistance area. The support level remains the same. A break above $21,500 will send us toward $22,800-$23,000 resistance level.

bitmart.tech
Mining Difficulty speedily Increased

🔸The mining difficulty for Bitcoin is rapidly increasing. This means that more miners are launching their machines and contributing to the network, leading to a higher level of difficulty.

🔸This trend is likely to continue and could result in an increase in the price of Bitcoin. It appears that we are just at the beginning of this trend

nammacrypto.com
BTC SPOT CVDs (Cumulative Volume Delta)

🔸There has been a significant movement in the spot CVDs of $BTC. The increase from $17,000 to $21,000 was primarily driven by aggressive buying on Binance using BUSD.
🔸Other exchanges also began buying at around $19,500 using USDT and USD.

🔸The green CVD represents all exchanges, including Binance USDT, while the yellow CVD only includes BUSD transactions.


tamilbtc.com

📍TRADING TIP OF THE DAY 📍
#Bitcoin Miners are in Profit

On January 1, miners bought approximately 3,600 BTC when it was selling at $16,700. Between January 5 and 11, they accumulated another 1,000 BTC when prices skyrocketed. But when the price of bitcoin exceeded $20,000, it seems that the miners decided to take profits and sold 4,000 BTC since January 12
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📣MEXC New Futures M-Day will Launch Futures Bonus $50,000 Trading Round at 06:00, Jan 19(UTC)

Ticket-claim time: 06:00, Jan 19, 2023 - 06:00, Jan 20, 2023 (UTC)

👇🏻How to participate:
Users who trade the USDT-M futures on MEXC prior to the end of the ticket-claim time with minimum futures trading volumes of 10,000 USDT will be eligible for the lucky draw. The larger the trading volume, the more tickets the user can claim.

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ANKR analysis:

ANKR rejected from the resistance of $0.025 area. We may see a test of the support of the $0.019-$0.0199 area before the next move-up. You can place your buy orders near the support zone. This is no trade zone for ANKR.

bitmart.tech