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: Bitcoin Little Changed as Analysts Remain Skeptical

Trading volume is increasing ahead of Wednesday's Federal Reserve press conference.

Bitcoin 24 hour price chart (CoinDesk)

Markets

Bitcoin Rises Above $37K; Resistance at $40K-$43K

A decisive break above $40K is needed to pause the downtrend from November.

Bitcoin's four-hour price chart shows nearby resistance and RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin's Correction Continues for Now, but Eventually It Could Go 'Parabolic,' Says Peter Brandt

Selling pressure is not over yet, although a confirmed shakeout could give way to new highs, according to the chartist.

Bitcoin price chart with volume (Peter Brandt)

Markets

First Mover Asia: Bitcoin Stabilizes Above $36K as Investors Await Next Fed Meeting

Bitcoin's spike coincided with gains in U.S. equity markets, but the correlation between the two remains unclear.

Bull And Bear Market Trend Bronze Castings

Markets

Market Wrap: Bitcoin Stabilizes as Altcoins Underperform

Bitcoin was up was up 3% over the past 24 hours, versus a 5% decline in SOL and roughly flat performance in ETH .

Bitcoin's 24-hour price chart (CoinDesk)

Markets

Bitcoin Short-Term Bounce Faces Resistance at $40K

Extreme oversold readings preceded an uptick in BTC.

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

Markets

First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering

But investors are still unclear whether crypto will continue to follow trends in equity markets or is an uncorrelated asset.

A roller coaster. (Mark Wilson/Getty Images)

Markets

Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk

Bitcoin is down about 40% from its all-time high, compared with a 10% decline in the Nasdaq 100 Index.

Bitcoin drawdown (Koyfin)

Markets

Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby

A price drop to $37,000 could stabilize the current sell-off, although $30,000 is a more significant level to watch given the decline in long-term momentum.

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

Markets

First Mover Asia: Bitcoin, Altcoins Rise and Then Sink

The largest cryptocurrency by market capitalization plummets below $41,000 after rising earlier in the day.

(Hulton Archive/Getty Images)