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 Struggles at $60K Resistance; Support Above $53K

Short-term downside is likely into the Asia trading day.

Nov 22, 2021

Bitcoin four-hour price chart shows short-term resistance levels with RSI in second panel. (Damanick Dantes/CoinDesk, TradingView)

First Mover Asia: Bitcoin Continues Drift Below $60K as Investors Eye Shoppers’ Inflation Response, Biden Fed Chair Pick

Trading activity could be light in the coming week because of the U.S. Thanksgiving holiday; ether holds steady above $4,300.

Nov 21, 2021

Bitcoin's price chart over the past week shows the gravitation toward the $60,000 level. (CoinDesk)

Market Wrap: Bitcoin Underperforms Altcoins as Sell-Off Pauses

Bitcoin is stabilizing after a near-10% decline over the past week.

Nov 19, 2021

Sell-off stabilizes (Shutterstock)

Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K

Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.

Nov 19, 2021

Bitcoin weekly price chart shows long-term uptrend with positive momentum in first panel and RSI declining from overbought levels in lower panel.

First Mover Asia: Bitcoin Drops Below $60K Amid Broad Sell-Off in Crypto Markets

Traders could not definitively explain bitcoin’s decline; ether falls under $4,000 for the first time since late October.

Nov 18, 2021

Longer-term bitcoin price chart shows this week's big dropoff. See the red candle on the right. (CoinDesk)

Market Wrap: Cryptocurrencies Slide as Buyers Stick to the Sidelines

Traders are in no hurry to buy given regulatory concerns and muted volume.

Nov 18, 2021

Crypto correction (Shutterstock)

Bitcoin Tumbles to 3-Week Low Under $60K; Next Support at $53K

Market retreat comes as bitcoin’s daily price chart signals slowing upside momentum. The ether price fell below $4,000.

Nov 18, 2021

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

First Mover Asia: Altcoins Surge as Bitcoin, Ether Stall

Crypto.com’s CRO and Avalanche’s AVAX tokens hit new highs.

Nov 17, 2021

Bitcoin appears to be consolidating around $60,000 as alternative tokens including CRO and AVAX soar. (CoinDesk)

Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K

The long-term uptrend remains intact despite slowing price momentum.

Nov 17, 2021

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

Market Wrap: Bitcoin Pullback Pauses as Traders Reduce Leverage

Technical indicators show a positive upward trend for BTC.

Nov 17, 2021

CoinDesk placeholder image

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