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 Rallies Towards $60K Resistance, Short-Term Support Seen at $56K

Bitcoin's rally reignited the short-term trend and will now test resistance around $60K as it eyes all-time-highs.

Bitcoin Hourly Chart

Markets

Bitcoin Volatility Index 'BitVol' Makes First Trade

The BitVol index level puts the cryptocurrency's annualized volatility at 100%.

Traders now have another tool for betting on bitcoin's notorious volatility.

Markets

Morgan Stanley Sees Cryptocurrencies on Path to Investable Asset Class

The Wall Street firm sees signs of maturation especially given its resiliency since the height of the pandemic.

morgan stanley

Markets

Bitcoin Stalls at $57K Resistance, Lower Support Around $53K

“Short-term momentum remains positive, but far less so than in February,” writes one analyst.

Bitcoin hourly chart

Markets

Bitcoin Could Hit $115K by August, Pantera's Morehead Writes

Bitcoin could be set for a price rally north of $100,000 this summer under Pantera's model.

Dan Morehead, CEO Pantera Capital

Markets

This Blockchain Indicator Might Show Bitcoin Rally Has Legs

Historically, the periods the MVRV ratio has dropped below 1.0 have been some of the best times to invest in BTC, according to Coin Metrics.

Bitcoin MVRV Ratio

Markets

Long-Term Bitcoin HODLers Still Accumulating, Suggests Conviction

The active supply of bitcoin held for shorter periods of time keeps shrinking, according to Arcane Research.

btc active supply

Markets

Bitcoin Holds Short-Term Support at $54K, Resistance Seen at $58K: Technical Analysis

Bitcoin is oversold and at trend support on intraday charts, but still faces heavy resistance around $58,000.

Bitcoin 4-hour trend support

Markets

Cryptocurrency Fund Flows On Track for Record Quarter

Digital asset investment products closed on Friday with a record $55.8 billion assets under management.

Inflows to crypto investment funds dropped last week, coinciding with the market's recent retreat.

Markets

Nobody Saw Inflation Coming in the 1960s, but It Could Be Back: Economist

Very few of today's bond portfolio managers and traders can remember the last inflation shock, but that does not make a new shock less likely.