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

Ether Soars to New All-Time High and JPMorgan Notices

JPMorgan points to better liquidity conditions as reasons behind ETH's outperformance relative to BTC, which could provide a tailwind.

ETH vs. BTC futures liquidations

Markets

Bitcoin Stalls at $56K Resistance; Support Within Reach

Bitcoin stalled just below $56K resistance after a near 18% price recovery from last week's sell-off. Short-term support is within reach.

BTC hourly chart

Markets

Goldman Sachs Says Blockchain Stocks on Average Outperform S&P 500 (But Not Bitcoin)

Goldman Sachs identified 19 blockchain and cryptocurrency related stocks that have outperformed the S&P 500 this year.

Goldman Sachs chart comparing blockchain stock returns with the price of bitcoin.

Markets

Long-Term Bitcoin Holders Unmoved Despite Volatility, Blockchain Data Shows

Long-term bitcoin holders were unmoved during the recent correction, similar to previous turning points, according to Glassnode.

BTC spent output age bands

Markets

Bitcoin Rallies From Oversold Levels; Resistance Around $56K

BTC is now at the most overbought level since April 14, when it reached an all-time high around $64,800.

BTC hourly chart

Markets

A Year After Coronavirus Meltdown, Few Investors See Risk of Deflation: Deutsche Bank

Inflation remains a key focus, according to a survey of global investors, although risk of a "Fed taper" appears low.

Inflation expectations

Markets

Digital Asset Fund Inflows Fall to Lowest Level Since October

Bitcoin prices fell 14% during the seven days through April 23, while ether rose 18%..

Weekly Digital Asset Fund Flows

Markets

Blockchain Data May Have Foreshadowed Monday's Bitcoin Price Rally

The SOPR indicator, which measures aggregate net profit/loss could signal a BTC market bottom, according to Glassnode data.

BTC SOPR Indicator

Markets

Bitcoin Stabilizes After Weekend Sell-Off; Resistance Around $58K

BTC is attempting to break above a series of lower price highs from April 14, which could stabilize the short-term downtrend.

BTC Four-Hour Chart

Markets

Bitcoin Sell-Off Leaves Cryptocurrency in Weakening Short-Term Trend

The daily RSI is approaching oversold territory, which could attract short-term buyers.

BTC four-hour chart