Damanick Dantes

Crypto Market Analyst

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

Bitcoin Drops Below $50K, Support Between $43K-$45K

Buying activity remains weak, which reduces the chance of a significant price increase into January.

Dec 9, 2021

Bitcoin's four-hour price chart shows support/resistance levels with RSI in second panel (Damanick Dantes/CoinDesk, TradingView)

First Mover Asia: Bitcoin Holds Steady as Crypto CEOs Testify, Ether Climbs

CEOs from six major crypto firms spoke before the U.S. House Financial Services Committee; stocks rose amid fading Omicron concerns.

Dec 8, 2021

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Bitcoin Rangebound Above $46K Support, Resistance at $55K

Selling pressure could slow into the Asia trading day as indicators appear oversold.

Dec 8, 2021

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

Market Wrap: Cryptocurrencies Stabilize as Some Traders Buy the Dip

The bitcoin Fear & Greed index is at the lowest level since late July, which preceded a price recovery.

Dec 8, 2021

Shutterstock

First Mover Asia: Bitcoin Rises on Encouraging Omicron News Before Falling Back; Ether Drops Slightly

Blockchain data now indicates that the market crash over the weekend resulted from a “weak hand purge.”

Dec 7, 2021

ALAJUELA, COSTA RICA - JANUARY 15: A Green Hermit is pictured at a Hummingbird feeding station on January 15, 2016 in Alajuela, Costa Rica. Of the 338 known species of Hummingbird worldwide there are around 50 in Costa Rica. Hummingbirds are named for the distinctive sound made by their tiny beating wings, and are admired for their vibrantly coloured iridescent plumage. Their ability to hover, with wings beating between 12 and 90 times a second, and to fly backwards makes them different from all other birds. They are some of the smallest birds in the world and have the highest metabolic rate of any bird with a heart rate that can exceed 1,200 beats a minute. They can hear and see better than humans, but have a poor sense of smell. Hummingbirds eat at least half their body weight in food every day, darting between flowers to lap up nectar. They are generally solitary, very territorial and can be incredibly aggressive towards other birds. At night they go into a state of torpor to help conserve energy, and occasionally can be found sleeping upside down like bats on branches. (Photo by Dan Kitwood/Getty Images)

First Mover Asia: Bitcoin Tops $50K, Ether, Other Altcoins Rise

Bitcoin trading volume was down for the second consecutive day,

Dec 6, 2021

Heading Up

Market Wrap: Cryptocurrency Sell-Off Pauses as Sentiment Turns Bearish

Prices are stabilizing after the weekend crash, although some analysts don’t expect much upside.

Dec 6, 2021

(Janko Ferlič, Unsplash)

Bitcoin Stabilizes Near $50K Support After Weekend Sell-Off

BTC is poised for a short-term bounce, although upside appears to be limited.

Dec 6, 2021

(Damanick Dantes/CoinDesk, TradingView)

First Mover Asia: Bitcoin, Altcoins Regain Ground After Early Weekend Spiral; Trading Volume Levels Off After an Intense Saturday

Investors, who have been spooked by the omicron variant of the COVID-19 virus, are awaiting the opening of equity markets on Monday.

Dec 5, 2021

The New York Stock Exchange (Spencer Platt/Getty Images)

Bitcoin Drops Below $56K as Momentum Slows, Support at $53K

Buying has been weak despite short-term oversold signals.

Dec 3, 2021

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

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