A Head and shoulder on the 15min chartSo I'm looking at BKKT and I'm seeing a head and shoulder on the 15min chart with a yellow cloud. Is it something or not?
BKKT trade ideas
$BKKT Bakkt - Bullish Options Flow$BKKT Bakkt Bullish Options Flow - $364M of deep in-the-money Nov 19 calls traded today with earnings coming up next week.
Stock bounced off $32 support in the final hour of trading today. On this multi day down move volume has been declining, signaling a possible reversal coming.
Keep in mind short interest remains high on this stock 20%+ so if this gets moving again it could squeeze quickly. This is obviously a high risk, volatile stock recently...so I am proceeding with caution.
Depending how this opens tomorrow I will likely be looking to open a bullish options trade to take advantage of a possible run up leading up to earnings. I will not be holding any position through earnings unless I have partially scaled out and am only risking profit.
Near term target: $54-$60 range possible
NOTE: This is NOT investment advice. Opinion/educational only.
Long | BKKT | Monday 1st NovemberNYSE:BKKT
Possible Scenario: Long
Evidences: Falling Wedge, Elliot Waves Impulse
TP: ~52$
So far all waves are matched with common Fibo levels of each wave, I expect we continue uptrend with breaking falling wedge of AH and going to complete the wave 5 and hit the 52$ Price. Price target is matched to corresponded Fibo level of wave 5 and has a strong Resistance from previous move, it formed a Doji Candlestick at that level. so I expect a strong resistance and then pull back. I'll publish the pull-back scenario if this onw works properly.
* This is my idea and could be wrong 100%
BKKT partnered with Mastercard to offer crypto based cards 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 call ok BKKT in the group was at 11.5usd, 15min after the market opening. Still holding to the moon. :)
BAKKT coming BackThe past couple of days were exciting. After hours traders (buyers) likely took one in the pants, but what I offer is this: remove after hours trading. Look at how yesterday influenced any and all indicators. I think $20-22 is a great entry point here with another big push coming in the next few weeks.
Over-hyped - yes.
Oversold - yes.
Overvalued - maybe not at $20-22.
