BKKT Acquisition by DJT seems like more than rumorThe market has not corrected the price of BKKT. The rumor appears to be accurate. When will this deal be announced?
BKKT trade ideas
THE BILLION DOLLARS TRADE HIDING IN PLAIN SIGHTThis is an update of my last idea regarding BKKT stock:
Bottom line : THE breakout illustrated in my last idea is very important because in conjunction with the all time low and this algo trading short squeeze form a solid bottoming formation that has not only political headwind and good earnings reports but comes with strong momentum and volume .
The beginning of what could turn out to squeeze to a higher pricIt has taken time, but we are on the right track, with some suitable catalysts, better earnings, mergers, acquisitions, and other very positive news for the stock, a quick bounce from a parabolic turndown.
BAKKT gets the Trump PumpCrypto custody, trading, and on ramp solutions provider BAKKT just got a pump i price that sent it above the double bottom enckline thanks to Donald trump’s media company suggesting they want to acquire the platform. Bodes well for price flipping this neckline to support and valdating the double bottom breakout in the near future. *not financial advice*
Money over Politics - Trump Media(DJT) to buy Bakkt(BKKT)?Money over politics - Donald Trump Media( NASDAQ:DJT ) in talks to buy crypto company Bakkt ( NYSE:BKKT ). Follow the money. I am thinking that this is a very bullish sign if the government starts to change regulation around bitcoin and other crypto. It will be in the president's personal interest to make the US more crypto-friendly. If this acquisition goes through then Bitcoin to the moon!
BKKT The Million Dollar tradei compressed my analysis by a lot , if you want to see a longer video ,comment to show your interest
BKKT from $12 to $38It was halted a lot before market close, no halts after hours so was able to trade freely and made a solid move beyond 200% mark.
It will likely be trading on large volume tomorrow, one to keep an eye on
BKKTThis is a corporate action where a company reduces the number of its outstanding shares and simultaneously increases the price of each share proportionally. For example, in a 1-for-10 reverse split, if you held 100 shares priced at $1 each, after the split, you would hold 10 shares priced at $10 each. The overall value of your holdings doesn’t change immediately because of the split, but the per-share market price increases. Companies might undertake a reverse split to boost their stock price and avoid being delisted from stock exchanges that have minimum share price requirements.
Crypto in Wonderland: Bakkt's Quantum Leap into the MetaverseIn the dynamic world of cryptocurrency, one company stands out amidst the digital tumult: Bakkt Holdings, Inc. (NYSE: NYSE:BKKT ). With a recent surge in its stock following the release of robust Q4 results and an ambitious outlook for FY24, Bakkt ( NYSE:BKKT ) is poised to redefine the industry's landscape.
A Strong Financial Footing
Bakkt's ( NYSE:BKKT ) Q4 earnings report showcased remarkable growth, with quarterly gross crypto services revenues soaring to $199.4 million, reflecting a staggering increase from the previous year. This surge in revenue was complemented by a strategic focus on expense management, evidenced by a substantial decline in operating expenses, excluding crypto costs. Moreover, Bakkt's recent completion of a direct offering further bolsters its liquidity, underlining a commitment to fortify its financial position.
Strategic Initiatives for Growth
Central to Bakkt's success narrative are its strategic initiatives outlined for FY24. The company's focus on broadening its client network and deepening existing relationships underscores a commitment to fostering long-term partnerships. With an eye on international expansion, particularly in Latin America and Asia, Bakkt ( NYSE:BKKT ) aims to capitalize on emerging opportunities.
Product Expansion and Innovation
Bakkt's foray into institutional crypto capabilities marks a pivotal juncture in its evolution. The recent launch of Collaborative Custody, in collaboration with Unchained Capital, underscores Bakkt's commitment to enhancing security standards in digital asset storage. Moreover, the imminent launch of institutional trading services promises to deliver a high-performance, low-cost trading venue, catering to the evolving needs of institutional clients.
Prudent Expense Management
A key pillar of Bakkt's strategy lies in prudent expense management. By diligently curbing operating expenses, Bakkt ( NYSE:BKKT ) aims to preserve its strong balance sheet and ensure judicious capital allocation. This disciplined approach not only enhances financial resilience but also instills investor confidence amidst market volatility.
Charting a Path to Profitability
With a revised outlook projecting substantial revenue growth for FY24, Bakkt ( NYSE:BKKT ) is steadfast in its pursuit of profitability. By leveraging its enhanced product suite and strategic partnerships, Bakkt ( NYSE:BKKT ) is well-positioned to capitalize on the burgeoning demand for cryptocurrency services. The appointment of Andy Main as President and CEO further ascertain a commitment to driving sustainable growth and value creation.
Technical Outlook:
Amidst the strong FY24 Reports, NYSE:BKKT is trading below the 200-day Moving Average with a weak Relative Strength Index (RSI) of 37.23 indicating a slow rising trend formation. The stock is up 4.44% in early market trading Tuesday.
BAKKT ready for take off?BAKKT Holdings is a publicly-traded company serving businesses and institutions in the crypto industry. They build solutions that enable their clients to to grow with the crypto economy — in the U.S. and internationally.
Up 200% from November 2023.
Flagging on the Daily chart.
Early anticipation entry at $1.88 Pivot.
First target $2.37.
Expecting resistance around $2.10
Watchlist 2023-03-21 $GOLD $AMZN $ON $WAL $ZION $PACW $RIOT $BKKSPY - gapping up into the top of the multi-day wedge top to 394.00 on news that the FED is CONSIDERING the option to backstop all distressed US bank deposits. This is effectively a bailout and another form of QE to increase liquidity. This also means that the fed's year end terminal rate could be more like 4.75 rather that 5.25, which bods well especially for tech.
$AMZN - look juicy over 101. it will need to move a full ATR o $3 to get there but if we can position near the LOD and we see a trend day in tech, this could easily make it there and trade higher. For a trend day we'll need to see the $ADD pinned near +2000 and $VOLD ratio over 3.
$ON - with strength in semis, ON looks prime from a breakout if it can hold over 80.85
Banks:
$WAL, $ZION, $PACW
Central bank backstopping national banks hasn't proven to be a catalyst yet for regional banks. All are stuck in a tight channel atm. But if we can start to see these names holding near the highs of the channel, potential for a BO.
Gold Miners
$GOLD - losing momo as risk on assets become more attractive - GOLD looking at 17.50 for support.
Crypto:
$RIOT $
Held 8.00 nicely PD. waiting for a pullback into support of 8.25 to structure a long. Need to see buyers step in at this level immediately.
$BKKT - looks good for an inside bar BO over 1.50
#BKKT Bakkt Bullish ReversalBakkt seems to be in a bullish reversal as displayed in the graph.
Trading from 2.25 --> 3.2.
S/L at 2.15
Potential Bottom on BakktLooks like a company that can succeed under the right conditions and leadership. Will probably follow cryptocurrencies' price action.
$BKKT Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc.
Bkkt At support of larger pattern here around 5-5.10. Upper reisatnc 6.87. Looking for as long as this holds, a nice pop back up !! Time to rebuy. Last swing I did was to 7.55.
BKKT upside potentialIf you haven`t bought the dip here:
Then you should know that Bakkt Holdings operates a digital asset platform. Its platform enables consumers to buy, sell, store, and spend digital assets. it`s one of the cheapest to invest cryptocurrency exchanges, if you compare its market cap with the tokens owned by the traditional crypto exchanges.
BKKT is owned by Intercontinental Exchange, they have the NYSE too. So extremely legit for institutional investors.
BKKT upside potentialCryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Bakkt has announced a separate deal with Fiserv .
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app.
I see an easy upside to $17.20 for the stock.
bkktrisky trade could be setting up buyers are here so keep eyes on this watching 5.80 and 6.03 as resiatnce if we can pop high of 7.66 could be in the cars
BKKT back to ATH by july?once people understand who BKKT is and what they are doing in the space, we will see a big move again. i think we will bounce around a little bit, but mostly think up from here.
BKKT dip opportunity With an estimated BTC price of 100K from Goldman Sachs, this crypto exchange owned by the same company who has the NYSE, is a steal at this price.
My first price target is the $17 resistance.
BAKKT
Bakkt is worth $500 million USD, NFTs are worth $1 million, is Bakkt not worth 500 NFTs of Lebron blocking steph curry in the NBA finals? Who are you to tell me that Bakkt is worth less than 100 Tom Brady rookie cards? Bakkt is worth more than 7 Bored Yacht Ape Club NFTs, 15 Rookie Cards of Lebron, Michael, Brady, Curry mint condition, and lifetime tickets to see cirque de soleil
BAKKT High RR Long Option PlayBKKT isnt going anywhere, owned by ICE who owns the NYSE, partnerships with Mastercard, Starbucks, Google, etc... Listed at $8 bought the dip heavily around $4, 1 and 2 year $10 Calls already up 70-90% on them. Based on option chart and delta will either 20-40X or go to zero, thankfully I have two years and can layer out (gradually take profit).
Ultimately depends on BTC and Legacy markets, FED, etc but high RR makes this trade worth a shot. As always, not financial advice!
