Bitcoin doesn’t march to its own drum
June 12, 2025 Leave a comment
Ya know that Bitcoin’s USD price is close correlated to the S&P 500 Index….
and when it’s not, often the SPX rises against BTC’s decline.
June 12, 2025
rob@karriasset.com.au
Bitcoin isn’t the only ‘store of value’
February 8, 2025 Leave a comment
Is Arabica #Coffee a better store of value than #Bitcoin?
I might put it on the blockchain?
(of course I picked a starting date which suited me)
Lycra trumps Crypto
December 11, 2024 Leave a comment
Since November 1st, 2024, lululemon Athletica’s stock price has risen as much as Bitcoin.
The share price of Coinbase has nearly doubled the return produced by Bitcoin.
For all its financial engineering, MicroStrategy is somewhere in between.
p.s. I’ve sold the LULU holding and halved the Bloom Energy and Shopify positions.
December 11, 2024
by Rob Zdravevski
rob@karriasset.com.au
Bitcoin’s price confirms appetite for risk
November 1, 2024 Leave a comment
Yesterday, I pasted some numbers of where Bitcoin (BTC/USD) has traded as a percentage above its 200 week moving average.
It’s been frothier while it confirms the mood to accept greater amounts of risk.
November 1, 2024
rob@karriasset.com.au
Bitcoin mimics mood for risk
September 26, 2024 Leave a comment
The strength of Bitcoin’s (BTC/USD) daily trend is waning.
It’s weekly trend is turning lower.
I’ll look for it to trade to $50,400 (+/- $1,000) before deciding on a call for a call to $40,000.
In the interest of correlating BTC/USD to the mood in risk taking, I’ve overlaid the AUD/JPY in the chart below.
September 26, 2024
by Rob Zdravevski
rob@karriasset.com.au
Bitcoin and S&P 500 may swoon together
March 11, 2022 Leave a comment
As a proxy and correlation for ‘risk-on’ and risk-off’ sentiment, Bitcoin is once again poised at a support level (~$38,000) worth watching.
And more so, as it remains in a medium term downtrend.
Failing to hold this near term support, Bitcoin should visit the $29,700 (+/- $250) area.
Such a 24% decline should coincide with my previous writings about a 20% decline in the S&P 500.
March 11, 2022
by Rob Zdravevski
rob@karriasset.com.au
Bitcoin on support but converging to WMA
January 6, 2022 Leave a comment
Bitcoin needs to hold $42,333 for now.
It’ll be telling for other risk assets,
Bitcoin could see the $26,000 – $23,000 level
More on other support levels #bitcoin later,
but isn’t trading at 500% above its 200 weekly moving average anymore, instead it’s now 126%.
Below is a weekly chart, the 200 week moving average has risen from $15,000 to $20,000 over the past 4 months, which is in keeping with my price and moving average convergence post dated, October 18, 2021.
January 6, 2021
by Rob Zdravevski
rob@karriasset.com.au
The tax man seizes cryptocurrencies
November 19, 2021 Leave a comment
But I thought crypto currencies were decentralised, anonymously owned/transacted and many steps removed from ‘the man’?
A crypto harbinger ?
November 18, 2021 Leave a comment
$700 million for 20 years.
That’s a bit more than the $100 million / 30 years deal Enron had for Astro Field naming rights.
I wish we could read the Force Majeure clause
Is this a harbinger for the crypto industry?
History doesn’t suggest immediately and not within the next 2 years.
But it’s certainly a shift from having a naming rights sponsor who sells paperclips to one involved in the burgeoning industry of ‘crypto’.
November 17, 2021
by Rob Zdravevski
rob@karriasset.com.au
Ethereum trading call
June 30, 2021 Leave a comment
Last Friday afternoon (June 25, 2021), I wrote this note to some clients trading Ethereum.
“ETH downtrend (on a daily basis) is intact and remains strong,
this is seconded with ETH entering a new weekly downtrend,
In the very short term (days), ETH is entering an acute technical squeeze,
it is trading at $1,952 as I write this,
a break above $2,150 increases probability of a visit to $2,620
a break below $1,860 suggest $1,730,
below that my ’scorched earth’ Buy is between $1,280 – $1,350 during the July 3rd-12th timeframe”
What happened next ?
……within 1 day, somewhere between Friday 4.30pm AEST and early Saturday evening, Ethereum dived 12% to a low of $1,715.
My note suggested a decline to $1,730.
ETH found support at that level,
it has since bounced 22% from $1,730.
(ETH is currently $2,107 as I write this)
And so I direct you to the chart below,
it’s a ‘close-up’ of current price action,
so it’s relevant to reference the initial June 25 comments.
“a break above $2,150 increases probability of a visit to $2,620”
so…Long trade remains and the stop loss is at $2,020 (just below the new upward sloping trend line) thus protecting $1,730 long entry.
* not personal advice, just some storytelling, don’t sue me, seek advice or do your work*
June 30, 2021
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 