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 Pullback Pauses as Traders Reduce Leverage

Technical indicators show a positive upward trend for BTC.

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Markets

First Mover Asia: Bitcoin Plummets, Dashing Hopes of a Quick Return to Its Record High

But short-term indicators suggest limited downside at the onset of Asia trading hours; ether also suffers a big price drop.

Bitcoin's price chart over past month shows steep slide in recent days. (CoinDesk)

Markets

Market Wrap: Cryptocurrency Sell-Off Stabilizes Amid US Tax Concerns

Bitcoin’s price declined about 5%, but later stabilized around $60K.

(Shutterstock)

Markets

Bitcoin Stabilizes Near $60K Support; Faces Resistance at $63K-65K

Short-term indicators suggest limited downside into Asian trading hours.

Bitcoin four-hour price chart reveals an "oversold" reading based on the RSI indicator (lower chart). (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Bitcoin Falls Slightly in Soft Trading; Launch of VanEck Futures ETF Coming Soon

Bitcoin continued to consolidate after failing to sustain a price bounce over the weekend; ether declines.

Bitcoin price chart over the past week. (CoinDesk)

Markets

Bitcoin Pullback Could Stabilize Around $60K Support

Upside momentum is slowing, although pullbacks remain limited.

Bitcoin's four-hour price chart. Lower chart shows a neutral reading on the RSI indicator. (Damanick Dantes/CoinDesk, TradingView)

Markets

Market Wrap: Analysts See Bitcoin as Still in ‘Bullish Phase,’ Despite Pullbacks

But it remains to be seen whether investors will continue to accumulate BTC in hopes of long-term gains.

(Jared Schwitzke/Unsplash)

Markets

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

The most significant improvement to the Bitcoin network in four years generated weekend enthusiasm in the blockchain community (and a short video) – but nothing too exciting in terms of a price reaction.

Chart of bitcoin price over past week shows the cryptocurrency drifting lower Sunday after the Taproot upgrade went live. (CoinDesk)

Markets

Market Wrap: Bitcoin Expected to Rise on Taproot Upgrade

Some analysts expect a price rise as the Bitcoin network receives the most significant upgrade since 2017.

Bitcoin rise (Shutterstock)

Markets

Bitcoin Decline Could Stabilize at $60K Support

Short-term upside appears to be limited given the loss of upside momentum.

Gráfico de precios de bitcoin a cuatro horas (Damanick Dantes/CoinDesk, TradingView)