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 Extends Losses While Traders Remain Bullish on Ether

Weekly returns were mixed as some altcoins outperformed. Meanwhile, macro headwinds could cause investors to reduce exposure to speculative assets next year.

Bitcoin 24 hour price chart (CoinDesk)

Markets

First Mover Asia: Markets in Wait-and-See Mode; Bitcoin Hovers Around $57K

The price for the tether-yuan pair fell entering December, as the deadline approaches for Huobi, a popular crypto exchange among Chinese investors, to close the accounts of its existing users in mainland China.

clouds

Markets

Market Wrap: Bitcoin Vulnerable to Rising Leverage Despite Short-Term Optimism

Analysts are cautiously optimistic about a sustained price rise in bitcoin.

Checking the crystal ball for 2024 (Michael Dziedzic, Unsplash)

Markets

Bitcoin Struggles Near Resistance; Support at $53K

Long-term momentum is starting to fade, which could limit price gains this month.

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

Markets

First Mover Asia: Bitcoin Drops Following First US Omicron Case

Ether falls, breaking a four-day streak of gains; equity markets tumble.

(Lightspring/Shutterstock)

Markets

Bitcoin Rangebound Between $55K Support and $60K Resistance

The intermediate-term uptrend remains intact.

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

Markets

Market Wrap: Analysts Expect Positive Bitcoin Returns in December

The cryptocurrency typically rises in the fourth quarter, which is why some traders are poised for a year-end rally.

Short-term upside expected (Mathieu Stern, Unsplash)

Markets

First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises

The largest cryptocurrency by market capitalization saw three consecutive days of healthy gains end after Jerome Powell signaled that the U.S. Federal Reserve might accelerate the ending of its easy-money policies; ether approaches $4,800 before falling back.

(ATU Images)

Markets

Market Wrap: Bitcoin Underperforms as Ether and Other Altcoins Rise

Ether was up about 5% over the past 24 hours compared to bitcoin’s flat performance.

Altcoins rise (Soumyadip Sarkar, Unsplash)

Markets

Bitcoin Declined Below $58K; Support Between $53K-$55K

The cryptocurrency is down about 2% over the past 24 hours and is roughly flat over the past week.

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