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 Returns to Range Below $40K; Support at $35K-$37K

Pullbacks could stabilize into the Asia trading day.

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

Markets

First Mover Asia: Signs Point Upward for Crypto in India and South Korea; Bitcoin and Ether Soar on US Executive Order

India's finance minister says the country will launch a central bank digital currency sooner than she'd previously indicated; cryptos rise as investors view the Biden administration's executive order as a positive development.

Nirmala Sitharaman, India's finance minister (Narayan/Bloomberg via Getty Images)

Markets

Market Wrap: Cryptos Rise After Biden's Executive Order; Sentiment Still Mixed

Option traders noticed a surge in demand for BTC volatility products.

(Andy Feliciotti/Unsplash)

Markets

Bitcoin Enters Resistance Zone Between $40K-$45K

BTC appears to be overbought on intraday charts.

Bitcoin four-hour chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Singapore's Strict Approach to Crypto; Bitcoin Rises Despite Investors' Jitters About War, US Executive Order

Singapore's high standards may be discouraging some crypto companies from establishing operations in the city-state; investors were wrestling with the latest developments in Ukraine and await the crypto order by U.S. President Joe Biden on Wednesday.

CoinDesk placeholder image

Markets

Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto

The order, which is expected to be issued this week, could be a source of volatility.

WASHINGTON, DC - NOVEMBER 06: U.S. President Joe Biden speaks during a press conference in the State Dining Room at the White House on November 6, 2021 in Washington, DC. The President is speaking after his Infrastructure bill was finally passed in the House of Representatives after negotiations with lawmakers on Capitol Hill went late into the night. (Photo by Samuel Corum/Getty Images)

Markets

Bitcoin Approaches $40K; Resistance at $43K-$45K

Narrow price zones could benefit short-term trades within the prevailing downtrend.

Bitcoin four-hour chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Malaysia May Be Asia's Next Crypto Hub; Major Cryptos Decline as Russia Onslaught Intensifies

The country, where CoinGecko was founded, retains the institutional use of English as well as a common-law court system; bitcoin declined for the third day.

Kuala Lumpur, Malaysia (Shutterstock)

Markets

Market Wrap: Bitcoin Dips; Trading Range Could Result in Sharp Price Swings

Analysts expect two or three months of price stabilization before a recovery. Others expect greater volatility.

Volatility ahead (Matt Hardy/Unsplash)

Markets

Bitcoin Holding Support Above $35K-$37K, Resistance at $45K

BTC appears to be oversold on intraday charts, although momentum has weakened.

El gráfico de cuatro horas de bitcoin muestra el soporte/resistencia con el RSI en la parte inferior (Damanick Dantes/CoinDesk, TradingView)