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: Cryptos and Stocks Fall, Luna Foundation Guard Accumulates Bitcoin

BTC declined by as much as 10% on Thursday, its largest price drop in two months.

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)

Markets

Bitcoin Dips Below $38K, Support at $30K-$32K

BTC is in danger of breaking below a short-term uptrend.

El gráfico de bitcoin muestra el soporte/resistencia de los últimos 20 días. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices

Investors may have been focusing on U.S. interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos soar post-rate hike.

India Parliament building (Unsplash)

Markets

Market Wrap: Bitcoin and Stocks Rise After Fed Raises Rates; Growth Concerns Ease

BTC rose by 5% over the past 24 hours as bearish sentiment waned.

U.S. Federal Reserve building (Shutterstock)

Markets

Bitcoin Downtrend Stabilizes, Resistance at $40K-$43K

Expect choppy price action within the current trading range.

Bitcoin's daily price chart shows support/resistance with RSI on the bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Bitcoin Minnows Are Resilient as Long-Term Whales Capitulate to Pressure

How long these smaller-scale investors remain committed to their crypto assets will be an interesting trend to observe; bitcoin and ether drop.

Silver Freshwater Minnows (*adrisbow* (Adriana Lopetrone)/Getty Images)

Markets

Market Wrap: Bitcoin Traders Take Some Profits Ahead of Fed Meeting, Expect Higher Volatility

BTC is roughly flat over the past week, although some option traders have hedged against further price declines.

(Jacob Townsend/Unsplash)

Markets

Bitcoin Stalls Below $40K Resistance, Support at $30K-$32K

BTC is at risk of a breakdown as price momentum slows.

Bitcoin gráfico diario muestra soporte/resistencia RSI (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Why the Metaverse Is a Potemkin Village

Despite breathless headlines about a digital land rush, metaverse platforms are struggling to attract brands and users; bitcoin ticks up slightly.

(Andriy Onufriyenko/Getty Images)

Markets

Market Wrap: Cryptos and Stocks Mixed; Bitcoin Outperforms Altcoins

Choppy trading in stocks and cryptos reflects uncertainty among global investors.

Volatility ahead (Matt Hardy/Unsplash)