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!
BKKT trade ideas
BKKT trend reversal, Yes or NoThis is my first analysis I'm going to post. It is based on what I have learned over the past year and is therefore full of assumptions, wrong theories and wrongly applied methodologies.
First the basics
Company
Vision: Connect the digital economy
Bakkt is a company that focuses on providing an accessible digital tool that makes it easy for consumers to manage and combine cash and digital currencies.
From the app they have developed, a digital wallet, they reward users for using it. This involves them involving users.
For other companies, their platform offers an API so that other parties can connect in the Bakkt app. It allows other companies to leverage Bakkt's reach.
Upcoming events
February 17 Bakkt 4q21 Earnings Call, to be followed via a webcast
From the Q3 report from BAKKT:
Consumer app released
including option to pay at starbucks
partnership with Cantaloupe, Wyndham Rewards, Wells Fargo rewards, choice hotels
Announcement of partnership with google an Finastra, Mastercard and Fiserv
Fully appointed leadership team
SEC declared S-4 effective
10-18-21 trading on NYSE
488mm deal proceeds to fund business
From my opinion, I think that bakkt can play an important role in the wave of new users who are looking for an accessible first experience with crypto and with which payment, trade and money can be made directly in practice in a simple and reliable way.
In short, when are the right times to buy shares of bakkt so that you can piggyback on its success.
NYSE:BKKT
It is clear that up until the beginning of February there was a downtrend. On the daily chart, we see that a recovery is underway but has yet to be confirmed.
My expectation is that we will see a higher trough before we break the downward trend. This higher trough is between 5.60 and 6.60. There is also support. If it goes back up from this support, resistance will have to be broken first, it is around $9.
My indication will be to get in around that point.
$BKKT Has Huge Upside Potential Hello traders, I want to talk to you about the upside potential with $BKKT
For the past three trading sessions, price has traded above it’s 9 EMA pushing towards a heavily traded zone.
If price can sustain it’s upward move through the Supply Zone (9.15-10.85) The next area to focus on is the $18 range where price had resistance on December 8th, 2021.
Be ready to take action!
This trend analysis is not to be taken as financial advice; always do your research.
Questions are welcome in the comments below.
Please support this idea with your like and comment, thank you 🙏
BKKT Extreme Volatility Option CallsBKKT is now at all time low, $3.41, after almost 3 months ago it was trading at $51.
Bakkt is oversold for the last 24 days!
But yesterday i noticed the highest out of the money calls that implied a huge volatility for BKKT: $35 strike price expiring May 20!
I haven`t seen such a 900% price difference since the GME calls 2 years ago.
This might be a great buy opportunity! if you don`t know BKKT, here are some details:
Cryptocurrency 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.
BKKT`s Market Cap is 194Mil, basicaly a penny stock, lower than some of the most obscure crypto exchanges utility tokens.
And when you think Bakkt is owned by ICE, Intercontinental Exchange , the company who owns the New York Stock Exchange!
How high can this stock skyrocket from here?
BKKT has reached a support areaBakkt Holdings is a subsidiary of Intercontinental Exchange Holdings, who owns the New York Stock Exchange.
Bakkt Holdings operates a digital asset platform.
Its platform enables consumers to buy, sell, store, and spend digital assets.
BKKT seems to have found support in the $6 area.
Jefferies Financial Group has a $28 price target for it.
Now you can buy BKKT cloase to all time low.
52 Week Range 5.56 - 50.80
BKKT at All Time Low ! Buy Opportunity ???Cryptocurrency 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.
52 Week Range 6.13 - 50.80
BKKT`s Market Cap is 353.847Mil, lower than some of the most obscure crypto exchanges utility tokens.
And when you think Bakkt is owned by ICE, Intercontinental Exchange, the company who owns the New York Stock Exchange!
How high can this stock skyrocket from here?
$BKKT: SI 35% | BC 140%Bakkt Holdings, Inc. operates a digital asset platform. Its platform enables consumers to buy, sell, store, and spend digital assets. The company was founded in 2018 and is headquartered in Atlanta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc.
BKKT bullish reversal Price TargetsIf you haven`t bought the all time low here:
Then you should know that BKKT is already close to the fist price target.
BAKKT is owned by ICE, Intercontinental Exchange, the company that owns the New York Stock Exchange!
Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
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.
Bakkt also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction”
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
My short term price targets are: 11.60, 16.80 and even 27.60usd.
It might sound exaggerated, but my price target for late 2022 is 80usd.
Looking forward to read your opinion about it.
BKKT Retracement Completed. New Price TargetsAfter a run to 50.80, now BKKT did a complete retracement and gives you the opportunity to ride it once again!
Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
Bakkt also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction,”
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
My short term price targets are: 11.60, 16.80 and even 27.60usd.
Looking forward to read your opinion about it.
BKKT 15K calls expiring today + Dark Pool Prints More than 15K calls on BKKT are expiring today. and those are the calls from the last month only.
The strike price varies from 14 to 75usd.
The price of the stock is now 9.08usd.
Yesterday we saw a volume of 32mil.
Besides the 32mil, Dark Pool Prints were 33Mil.
Dark pools are private exchanges not accessible by the investing public. Dark pools facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades.
I expect strong intraday volatility.
i know it seems a little bit exaggerated, but i wouldn`t be surprised the see BKKT trading at 14-15usd.
don`t forget that on Nov 21 BKKT was trading at $50.80.
Looking forward to see how this trading day will end!
What is your opinion about this trade?
BKKT - Turning point coming soon?YOU TELL ME JAVIER, WHAT WE SAYING BROTHER?
BKKT (Bakkt Holdings) ironically, i am actually BULLISH on this asset in the LONGTERM, but on an intraday, trading basis, i think we have entered a naughty bearish down move, with us approaching some interesting levels.
My target area is as detailed, but i do have TP's set for levels between 10$ & 15$.
BKKT vision is to connect the digital economyBakkt taps into the $1.6+ trillion of digital assets across cryptocurrencies, rewards and loyalty points, gaming assets, gift cards and beyond.
BKKT allows consumers to aggregate digital assets, access liquidity and trade, transfer and pay however they want.
Cryptocurrency exchange Bakkt announced a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
How big do you think this can be?
Bakkt's also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction,”
Is this the start of crypto adoption or what?
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
Buying BAKKT in this area looks like a great opportunity in my opinion!
My price targets are: 17usd short term, 26usd mid term, an 35usd by the end of 2022.
BKKT depends much on the adoption. in the most favorable scenario, we can see a spike to $60 anytime now.
BKKT:Wave {2] in the form of a descending wedge broke out today.The price action off the low was clearly impulsive. It was up more than 35%. After hours, it gave back 12% of the gain but that could be the sub (ii) of i. Apparently, the after hours sell off was in response to news that BKKT had filed a S-1A. However, it is only an appended form to an S-1 that was filed earlier. It is not new information. The TDAmeritrade shows the short interest to be 160%.
BKKT Elliott Wave wave 3 potential?I'm a big Elliott Wave (EW) trader, but sometimes the projections can seem a little outlandish. Then again, when Tesla was way down and wave projection put it up into the thousands, doesn't seem outlandish looking back at it now.
I personally think if someone doesn't want to dive real deep into crypto and digital assets, this at least can provide some exposure. Per the chart, with EW and fib measurements, it looks like a standard .618 retrace and can indicate the potential of beginning a Wave 3 up. Wave 3's are the strongest movements in EW waves; and if it follows anything remotely similar to how the potential Wave 1 played out (going from $8 up to $50), then maybe the 1.618 fib extension measurement for Wave 3 up to the $300 range doesn't seem as outlandish.
BKKT Short Float 84.72% ! Ready for an Epik Gamma Squeeze ???BKKT perfectly touched the institutional support level of the Fibonnaci 0.618 retracement and now we see a doji trend reversal candle!
According to Finviz, the Short Float is 84.72%! I haven`t seen such a level since the GME gammasqueeze play!
About BKKT:
Cryptocurrency exchange Bakkt announced a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
How big do you think this can be?
Bakkt's also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction,”
Is this the start of crypto adoption or what?
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
My price target is 66usd!
What is yours?