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: Altcoins Underperform as Bearish Sentiment Rises

Analysts expect price bounces to remain short term.

Mercado bajista —bear market, en inglés— de cripto. (Olen Gandy, Unsplash)

Markets

Bitcoin Stuck Below $34K Resistance, Support at $20K-$25K

Short-term price action is stabilizing but expect a rise in volatility.

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

Markets

First Mover Asia: Bitcoin Climbs Past $30K, but Bearish Sentiment Remains

Cryptos were largely in the green, although trading was choppy; India crypto investors receive some upbeat news.

Crypto markets remained bearish. (Christopher Sweet/EyeEm/Getty Images)

Markets

Market Wrap: Cryptos Mixed Amid Choppy Trading, Bitcoin Activity Slows

The drop in activity on the blockchain is similar to what occurred during the 2018 bear market.

Crypto slowdown (Raimond Klavins, Unsplash)

Markets

Bitcoin Stabilizes in Tight Trading Range, Resistance at $33K

BTC continues to trade around a midpoint of $30,000 as indicators remain neutral.

Gráfico diario de soporte/resistencia de bitcoin. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Bitcoin Sinks Below $30K Amid Renewed Risk Fears

Major altcoins fared worse in Wednesday trading, reversing most gains from the U.S. holiday weekend rally; South Korea takes a harder look at crypto.

Lower rates may be behind bitcoin's big move (© Eugene Mymrin)

Markets

Market Wrap: Bitcoin Declines, Resisting Seasonal Norm; Altcoins Mixed

BTC declined by 4% over the past 24 hours, while WAVES rallied by 21%. The odds of positive monthly returns diminish until Q4.

Bitcoin 24-hour price chart (CoinDesk)

Markets

Bitcoin Slips as Relief Bounce Loses Steam, Support at $27K

Long-term momentum remains negative, capping upside moves in price.

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

Markets

First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?

Tether has relationships with a number of banks but won't say much more; bitcoin rises slightly.

Tether's failure to pinpoint its banking relationships seems to already be affecting its dollar peg. (Getty Images)

Markets

Market Wrap: Bitcoin Rises to $32K, Outperforming Altcoins

BTC bounced after a nine-week losing streak, although some analysts remain skeptical.

Bitcoin 24-hour price chart (CoinDesk)