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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

Markets

Ether Uptrend Is Weakening, Could Test Lower Support: Technical Analysis

Ether is facing resistance from all-time-highs and could see lower support, initially around $1,561.

Mar 11, 2021

Ether prices have softened recently after a powerful bull run over the past year.

Markets

Bitcoin on the Balance Sheet? Corporate Buying Might Become a Global Trend

According to Arcane, the new corporate buyers appear intent on keeping the cryptocurrencies for the long term "and see further upside potential in bitcoin."

Mar 10, 2021

Corporate treasurers outside of the U.S. are now dabbling in bitcoin.

Markets

US Inflation Rate Accelerates in February, Could Go Higher as Economy Reheats

The 12-month rate represents an acceleration from January's 1.4% clip, a pickup partly driven by higher gasoline price.

Mar 10, 2021

MOSHED-2021-2-10-9-25-3

Markets

Ether Trailing Bitcoin Since CME Futures Launch: Technical Analysis

Did the CME's ether futures launch coincide with a market top, relative to bitcoin? It sure looks like it based on the chart pattern.

Mar 10, 2021

CME Group Headquarters (CoinDesk Archives)

Markets

Inflation Rate, Closely Tracked by Bitcoin Traders, Probably Accelerated in February

The CPI for February probably rose 1.7%, accelerating from the January pace of 1.4%, based on economists' projections.

Mar 9, 2021

MOSHED-2021-2-10-9-25-3

Markets

Bitcoin's Break Above $54K Could Open Path to New Price Record: Technical Analysis

Bitcoin finds support at $50,000, with next resistance seen at $54,000, and then at the all-time high around $58,000.

Mar 9, 2021

Bitcoin's price appears to be climbing again, after a retreat over the past couple weeks.

Markets

Investors Put Less Money Into Crypto Funds Last Week as Bitcoin Market Stagnated

Last week's drop in crypto investment inflows to a fourth of the prior week's pace came as prices retreated in prices for bitcoin and other digital assets.

Mar 9, 2021

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

Markets

Bitcoin's 2021 Returns Destroy Everything on Wall Street, Goldman Sachs Says

Bitcoin's lead over assets from stocks to bonds, oil, banks, gold and tech stocks and the euro has widened.

Mar 8, 2021

Goldman Sachs

Markets

Fed 'Not Yet Ready to Blink' on Inflation, Pantheon Says

Bitcoin traders may be out of luck if they're expecting the Fed to further ease monetary policy as bond yields rise.

Mar 8, 2021

Federal Reserve Chair Jerome Powell

Markets

Bitcoin, Around $51K, Nears Upper Bound of 3-Year Price Trend

Upward-sloping price channel starting in late 2017 on weekly chart shows near-term resistance around $60,000.

Mar 8, 2021

Weekly price chart shows long-term channel resistance, with 50-week volume weighted moving average shown in the blue line. (It flattened around 2018, preceding a downtrend).
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