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

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Markets

Bitcoin Holding Support Above $37K; Resistance at $45K

BTC appears to be oversold on intraday charts.

Bitcoin four-hour price chart shows support/resistance with RSI on bottom (Damanick Dantes)

Markets

First Mover Asia: Terra Is 2022’s Version of Corporate Bitcoin Buying; Cryptos Hold Steady in Weekend Trading

The Luna Foundation Guard now holds about $1.7 billion in bitcoin, but crypto markets seem unimpressed with its purchases this year; bitcoin and ether are flat.

Terraform Labs CEO Do Kwon on CoinDesk TV in December.

Markets

Market Wrap: Cryptos Mixed Amid NFT Slowdown, Meme Coins Surge

During a shortened week in traditional markets, with U.S. stock exchanges closed on Friday, bitcoin struggled for direction, hovering around $40K, while DOGE and SHIB experienced wild swings.

Una nueva clase de tokens de memes creados durante la semana pasada les devolvió mucho de su capital inicial a los primeros inversores. (Getty Images)

Markets

First Mover Asia: Taiwan Chip Manufacturer TSMC Remains a Crypto Skeptic; Major Cryptos Decline

The company, which was burned during the last major crypto bear market, did not mention mining in its last earnings report; bitcoin and ether drop.

Semiconductor manufacturer TSMC did not mention crypto mining in its latest earnings. (Unsplash)

Markets

Market Wrap: Bitcoin Dips as Macro and Geopolitical Uncertainties Remain

Cryptos and stocks have traded in a choppy range so far this year.

Markets on edge amid Russia-Ukraine war (Don Fontijn, Unsplash)

Markets

Bitcoin Neutral, Support at $37K and Resistance at $46K

Bullish countertrend signals require weekly price closes above $40K.

Bitcoin weekly chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Crypto's Delicate Position in China, India; Bitcoin, Ether Rise

Both countries have increased regulation in recent months, creating a less nurturing environment for the crypto industry; most major cryptos were in the green in Wednesday trading.

Crypto is in a delicate place in China and India. (Fred Marie/Art in All of Us/Corbis via Getty Images)

Markets

Market Wrap: Cryptos Rise as Bitcoin Returns Above $40K

BTC rose by 4% over the past 24 hours, compared with a 12% rise in RUNE.

(jayk7/Getty Images)

Markets

Bitcoin Holding Support at $40K; Resistance at $43K-$47K

Selling pressure has weakened, which could pave the way for a price bounce.

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

Markets

First Mover Asia: Recycling Bad Actors in Crypto; Bitcoin Holds Below $40K

As traders speculate on the possible economic impact of coronavirus-related lockdowns in China, investors in the U.S. are betting on whether inflation might be nearing a peak.

Oil prices back above $100 a barrel spoiled the enthusiasm that inflation might be peaking. (Creative Commons)