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


Mercados

First Mover Asia: Bitcoin Rises on Encouraging Omicron News Before Falling Back; Ether Drops Slightly

Blockchain data now indicates that the market crash over the weekend resulted from a “weak hand purge.”

ALAJUELA, COSTA RICA - JANUARY 15:  A Green Hermit is pictured at a Hummingbird feeding station on January 15, 2016 in Alajuela, Costa Rica. Of the 338 known species of Hummingbird worldwide there are around 50 in Costa Rica. Hummingbirds are named for the distinctive sound made by their tiny beating wings, and are admired for their vibrantly coloured iridescent plumage. Their ability to hover, with wings beating between 12 and 90 times a second, and to fly backwards makes them different from all other birds. They are some of the smallest birds in the world and have the highest metabolic rate of any bird with a heart rate that can exceed 1,200 beats a minute. They can hear and see better than humans, but have a poor sense of smell. Hummingbirds eat at least half their body weight in food every day, darting between flowers to lap up nectar. They are generally solitary, very territorial and can be incredibly aggressive towards other birds. At night they go into a state of torpor to help conserve energy, and occasionally can be found sleeping upside down like bats on branches.  (Photo by Dan Kitwood/Getty Images)

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First Mover Asia: Bitcoin Tops $50K, Ether, Other Altcoins Rise

Bitcoin trading volume was down for the second consecutive day,

Heading Up

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Market Wrap: Cryptocurrency Sell-Off Pauses as Sentiment Turns Bearish

Prices are stabilizing after the weekend crash, although some analysts don’t expect much upside.

(Janko Ferlič, Unsplash)

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Bitcoin se estabiliza cerca del soporte de $50.000 tras la caída del fin de semana

La criptomoneda está preparada para un rebote a corto plazo, aunque la subida parece ser limitada.

(Damanick Dantes/CoinDesk, TradingView)

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Bitcoin Stabilizes Near $50K Support After Weekend Sell-Off

BTC is poised for a short-term bounce, although upside appears to be limited.

(Damanick Dantes/CoinDesk, TradingView)

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First Mover Asia: Bitcoin, Altcoins Regain Ground After Early Weekend Spiral; Trading Volume Levels Off After an Intense Saturday

Investors, who have been spooked by the omicron variant of the COVID-19 virus, are awaiting the opening of equity markets on Monday.

The New York Stock Exchange (Spencer Platt/Getty Images)

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Bitcoin Drops Below $56K as Momentum Slows, Support at $53K

Buying has been weak despite short-term oversold signals.

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

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Market Wrap: Bitcoin Extends Losses While Traders Remain Bullish on Ether

Weekly returns were mixed as some altcoins outperformed. Meanwhile, macro headwinds could cause investors to reduce exposure to speculative assets next year.

Bitcoin 24 hour price chart (CoinDesk)

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First Mover Asia: Markets in Wait-and-See Mode; Bitcoin Hovers Around $57K

The price for the tether-yuan pair fell entering December, as the deadline approaches for Huobi, a popular crypto exchange among Chinese investors, to close the accounts of its existing users in mainland China.

clouds

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Market Wrap: Bitcoin Vulnerable to Rising Leverage Despite Short-Term Optimism

Analysts are cautiously optimistic about a sustained price rise in bitcoin.

Checking the crystal ball for 2024 (Michael Dziedzic, Unsplash)