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


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Cryptocurrency Fund Flows Now at Lowest Since October 2020

No wonder cryptocurrency markets were so lackluster last week: There just wasn't much appetite from investors to put new money into funds.

CoinShares chart shows how dramatically inflows to cryptocurrency investment funds fell last week.

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Bitcoin Rallies From Support, Resistance Around $60K

But traders should continue to monitor intraday resistance levels as the broader uptrend from January slows.

Four-hour BTC chart

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Inflation Watch: US Money Supply to Stay Elevated Despite Coming Slowdown, Pantheon Says

"Nothing like this has ever happened before," says economist Ian Shepherdson.

inflation-research-shutterstock_1500px

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Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor

BTC held support around $50K and is approaching resistance around $56K.

BTC hourly chart

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US Bitcoin Exchanges See No Major Uptick in Stimulus-Related Buying

The stimulus checks are in the mail so it might be too early to call the hyped-up episode a dud.

U.S. President Joe Biden speaks Thursday at a press conference.

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US Government Sees 'Cryptocurrency Spring Fever' as Great Time to Auction Bitcoin

The GSA's next BTC auction could fetch more than $300K, generating even more excitement among cryptocurrency investors.

GSA

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Bitcoin Stabilizes After Sell-off, Resistance Seen Around $56K

For now, bitcoin continues to hold long-term trend support above $50,000, with lower support around $42,000.

BTC four-hour chart

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Deutsche Bank Says 52% of Its Investors Expect Bitcoin Below $60K in 12 Months

BTC upside is limited, and could halve in twelve-month's time, according to Deutsche Bank survey.

deutsche bank

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Bitcoin Holds Support, Approaching Resistance Around $60K

The daily relative strength index (RSI) is back in neutral territory after reaching overbought levels earlier this month.

BTC Daily Chart

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Ex-Tether Exec Quigley Disappointed in Current Management, Urges Audits

Tether is its "own worst enemy" and needs to be audited, according to co-founder William Quigley.

Willam Quigley, co-founder of Tether, now runs the NFT marketplace WAX.