This 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.
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.
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My thoughts on things i have seen in the charts - When looking at the wicks in the 4h view on the 9th and 10th of feb resitance is pretty though. In my opinion there is a pretty rejection - The trend is in the upperline of the bollinger bands. This could suggest a small correction is incomming