Damanick Dantes

Damanick was a crypto market analyst at CoinDesk where he wrote the daily Market Wrap and provided technical analysis. He is a Chartered Market Technician designation holder and member of the CMT Association. Damanick is also a portfolio strategist and does not invest in digital assets.

Damanick Dantes

Latest from Damanick Dantes


Markets

Market Wrap: Bitcoin Dips as Macro and Geopolitical Uncertainties Remain

Cryptos and stocks have traded in a choppy range so far this year.

Markets on edge amid Russia-Ukraine war (Don Fontijn, Unsplash)

Markets

Bitcoin Neutral, Support at $37K and Resistance at $46K

Bullish countertrend signals require weekly price closes above $40K.

Bitcoin weekly chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Crypto's Delicate Position in China, India; Bitcoin, Ether Rise

Both countries have increased regulation in recent months, creating a less nurturing environment for the crypto industry; most major cryptos were in the green in Wednesday trading.

Crypto is in a delicate place in China and India. (Fred Marie/Art in All of Us/Corbis via Getty Images)

Markets

Market Wrap: Cryptos Rise as Bitcoin Returns Above $40K

BTC rose by 4% over the past 24 hours, compared with a 12% rise in RUNE.

(jayk7/Getty Images)

Markets

Bitcoin Holding Support at $40K; Resistance at $43K-$47K

Selling pressure has weakened, which could pave the way for a price bounce.

Bitcoin daily chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Recycling Bad Actors in Crypto; Bitcoin Holds Below $40K

As traders speculate on the possible economic impact of coronavirus-related lockdowns in China, investors in the U.S. are betting on whether inflation might be nearing a peak.

Oil prices back above $100 a barrel spoiled the enthusiasm that inflation might be peaking. (Creative Commons)

Markets

Market Wrap: Crypto Sell-Off Pauses as Volatility Fades; Altcoins Outperform

BTC struggled to hold $40K while SHIB rallied by as much as 12%.

Building a Stable Price for Bitcoin

Markets

Bitcoin Stabilizes at $40K Support, Resistance at $43K-$47K

Selling pressure could fade over the next few days.

Bitcoin daily chart shows support/resistance levels (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Mark Karpeles’ UnGox Wants to Help Investors Assess the Risks of Crypto Products; Bitcoin Drops Below $40K

The CEO of the infamous Mt. Gox crypto exchange is re-entering the industry with a rating service. But is he in touch with the latest developments?; ether also falls.

Former Mt. Gox CEO Mark Karpeles (CoinDesk screenshot from conference livestream)

Markets

Market Wrap: Bitcoin Sell-Off Deepens as Correlation With Stocks Rises

BTC is down 40% from its November peak, compared with a 16% drop in the Nasdaq 100 over the same period.

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)