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. ...
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...
I've plotted a possible bearish crab forming on BKKT. XABC could be near completion, leaving the C-d leg to trade. Earnings is in 3 days NOV 12. This could be the catalyst. Hidden bullish divergence also on the 4hr MACD. If the current level of $26+/- holds this would be a .786 retrace at C but could possible fall to the .886 which would be $23.50+/-. Volume is...
$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...
A lot of people still haven't realised what NYSE:BKKT is and how it can change the market and use all the crypto hype in it's favor.
Next PT is $100 and then we'll see if it can go to next fib levels.
NYSE:BKKT
Possible Scenario: Long
Evidences: Falling Wedge, Elliot Waves Impulse
TP: ~52$
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...
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...
10.29.21 silver DWAC BKKT Some follow up on price action and market dynamics...and what kind of a trader you want to be. Silver was an opening price trade...follow-up.
The 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.
