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 Rises Past $40K; Resistance at $43K and $46K

The price jump reflects short-term bullish activity, although upside appears limited.

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

Markets

First Mover Asia: BitMEX Saga Concludes, but We'll Never Know if DOJ Overreached; Cryptos Tumble as Russia Bores Into Ukraine

The guilty plea of the founders of the crypto trading platform with main offices in Hong Kong and Singapore avoided a trial; bitcoin dropped below $37,500 on Sunday after Russian President Vladimir Putin placed his nuclear forces on alert.

The national yellow and blue flag of Ukraine (Valentyn Semenov/Getty)

Markets

Market Wrap: Cryptos and Stocks Rise on Possibility of Russia-Ukraine Talks

Some traders expect the price bounce to be short-lived amid geopolitical uncertainty.

Ukrainian President Volodymyr Zelensky

Markets

Bitcoin Price Jump Faces Resistance at $40K-$46K; Support at $35K

For now, selling pressure has waned, which supports a short-term price bounce.

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

Markets

First Mover Asia: India Crypto Firms, Regulators Continue Their Regulatory Debate; Bitcoin Recovers From a Post-Invasion Freefall

Indian crypto industry and government officials have continued to discuss possible changes to regulations announced earlier this month; bitcoin returns to its perch above $38,000.

Indian flag (Getty Images)

Markets

Market Wrap: Bitcoin Stabilizes Amid Geopolitical Uncertainty

The leading cryptocurrency reverses earlier losses in seesaw trading.

putin, russia

Markets

Bitcoin Selling Intensifies; Support at $30K Could Stabilize Correction

There are initial signs of downside exhaustion, although upside appears limited.

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

Markets

First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump

The eCNY and other CBDCs are digital versions of cash issued by a central bank, unlike bitcoin which has no single issuing authority; bitcoin surpassed $39,000 on Tuesday before dropping into the red.

People's Bank of China (Emmanuel Wong/Getty Images)

Markets

Market Wrap: Bitcoin Sellers Return, Reversing Earlier Gains

Concerns over the economy and the situation in the Ukraine linger.

Cryptos reverse course (cdd20, Unsplash)

Markets

Bitcoin Bounce Fades; Minor Support at $30K-$36K

Sellers could remain active over the short term.

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