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

Bitcoin Stabilizes at $43K Support; Resistance at $45K-$48K

Range-bound price action could persist for a few days.

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

Markets

First Mover Asia: South Korea's 'Kimchi Premium' Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty

The gap between bitcoin prices on Korean crypto exchanges and global counterparts has declined from 20% to about 3% over the past year; bitcoin and ether tumbled.

The so-called kimchi premium has evaporated. (Shutterstock)

Markets

Market Wrap: Altcoins Underperform as Traders Reduce Risk

BTC and stocks traded lower after Federal Reserve minutes signaled aggressive monetary tightening could be coming.

Bitcoin daily price chart (CoinDesk)

Markets

Bitcoin Extends Pullback Toward $40K-$43K Support

BTC broke below a monthlong uptrend.

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

Markets

First Mover Asia: Singapore Wants More Control Over Crypto Companies That Call It Home but Aren’t There; Major Cryptos Drop

Many crypto companies, especially those with roots in Asia, choose to register their companies in Singapore, but the city-state has grown uncomfortable with the scale of this arrangement; bitcoin and ether fall.

Singapore skyline (Unsplash)

Markets

Market Wrap: Bitcoin and Stocks Briefly Dip After Fed Comments; DOGE Rallies

BTC was roughly flat over the past 24 hours, compared with a 17% rise in dogecoin.

Bitcoin 24-hour price chart (CoinDesk)

Markets

Bitcoin Range-Bound; Support at $43K-$45K

Buyers could remain active on pullbacks into the Asia trading day.

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

Markets

First Mover Asia: Crypto Offering New Opportunities for Inflation-Worried Indonesian Investors; Bitcoin Is Flat

A report by the crypto exchange Gemini found that about two in five Indonesians own cryptocurrencies; ether also held its ground.

Jakarta, Indonesia

Markets

Market Wrap: Cryptos Pull Back, Traders Eye Opportunities in Ether Versus Bitcoin

BTC was down 1% as stocks rose. WAVES falls 25%.

(Getty Images)

Markets

Bitcoin Weighed Down by $48K Resistance; Support at $43K

Short-term momentum turned negative, which typically occurs during the first week of the month.

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