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

Bitcoin Holds Support; Faces Resistance at $50K

BTC remains in a consolidation phase after failing to sustain moves above $64,000.

Bitcoin daily chart

Markets

Record ‘Grayscale Discount’ Might Mean Bargain Bitcoin for Retail Traders

Anyone with a stock account can now make a savvy, albeit risky, bet on GBTC pricing disparities that were previously exclusive to big players.

Grayscale CEO Michael Sonnenshein.

Markets

Bitcoin Stabilizes After Sell-Off; Faces Resistance Near $53K

BTC 's price recovery could be limited into the weekend.

Bitcoin four-hour chart

Markets

Bitcoin Sell-Off Could Stabilize Around $42K Support

BTC remains under pressure and could find lower support near $42K as long-term momentum wanes.

Bitcoin four-hour chart

Markets

Bitcoin Adoption Keeps Growing During Alt Season, Blockchain Data Shows

Dominance is at the lowest level since April 2018, suggesting traders are rotating into ether and other altcoins.

Addresses with 0.01 to 1 BTC

Markets

US CPI Report Shows April Inflation Faster Than Expected, Highest Since 2008

Nearly all major components of the CPI increased in April, a sign that pent-up demand is fueling a rebound in economic mobility.


Markets

Bitcoin Struggles Near Resistance; Could Find Support at $55K

Long-term momentum is deteriorating as buyers continue to take profit on rallies.

Bitcoin hourly chart

Markets

Bitcoin Stabilizes After Pullback; Faces Resistance at $57K

The broader uptrend remains intact despite several months of consolidation.

Bitcoin hourly chart

Markets

Ethereum Classic Demand Coming From Traders Covering Borrowed Positions: FundStrat

ETC could see steady demand until the end of the third quarter, according to David Grider, strategist at FundStrat.

Screen Shot 2021-05-10 at 2.32.17 PM

Markets

Inflows to Crypto Funds Slow as Apparent Profit-Taking Offsets Fresh Money

Digital asset fund inflows slowed last week, although demand for Ethereum products rose, according to CoinShares.

Digital asset fund flows