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


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Market Wrap: Cryptos Slide Amid Higher Volatility; Returns Typically Strong in April

Bitcoin and stocks are entering a seasonally strong period.

Investors grapple with market risk. (Mostafa Meraji, Unsplash)

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Bitcoin Dips From $48K Resistance; Support at $43K

BTC is declining from overbought levels.

BTC daily price chart shows support/resistance, with RSI below. (Damanick Dantes/CoinDesk, TradingView)

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First Mover Asia: India Continues Its Restrictive Approach to Crypto; Bitcoin, Ether Run in Place

The Indian tax authority's recent revision of what was seized in taxes and penalties from crypto exchanges reflects the government's harsh stance toward digital assets; Solana has a banner day.

India Parliament building (Unsplash)

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Market Wrap: Crypto Sentiment Improves, Though Risk Remains as Russia Plays Down Peace Talks

Bitcoin's Fear & Greed Index is at its highest level since November. Altcoins outperform.

Bitcoin 24-hour price chart (CoinDesk)

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Bitcoin Holding Support Above $46K; Resistance at $48K-$51K

BTC buyers could remain active over the short-term.

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

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First Mover Asia: BC Technology Group’s Crypto Platform Made Big Gains in 2021. So Why Are Investors Unimpressed?

OSL, which accounts for most of the Hong Kong company’s business, rose 63% in 2021, but the stock price has lagged bitcoin and other assets; bitcoin and ether tread water.

Hong Kong.

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Market Wrap: Cryptos Mixed as Volatility Fades; Analysts See Risk of Selling Pressure

Traditional safe-haven assets declined on Tuesday as Russia-Ukraine tensions eased, but some indicators point to a pause in the risk-on rally.

Volatility ahead (Matt Hardy/Unsplash)

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Bitcoin Approaching Resistance at $48K-$51K, Support at $45K

BTC appears to be overbought, although pullbacks cold be brief.

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

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First Mover Asia: Why Japan, China and Other Regional Powers Still Put Their Faith in T-Bills, Gold; Cryptos Climb Higher

Some observers viewed bitcoin as ushering in a new era of financial sovereignty amid growing uncertainty about long-term U.S. economic dominance globally, but many countries are still investing in gold and U.S. Treasury bills.

Gold bars (Bright Stars/Getty Images)

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Market Wrap: Bitcoin Rallies as Crypto Holders Accumulate

Crypto prices are rising after the Luna Foundation Guard purchased $1 billion worth of BTC.

Bitcoin 24-hour price chart (CoinDesk)