BTC has a chance to stabilize here between 20k and 22k.
1) The distances between Chikou (green) and price action is a large gap, price often turns around when chikou runs into price. Th gap between the last low and 26bars in the future is also very large, Both of these distances show momentum and if the gaps start to close we have slower momentum.
2) Tenkan/Kijun crossover is bearish, both the 26 day and 9 day averages confirm that BTC is pretty neutral. The price is good, maybe we sit here for a few days to a week before making another move. (News is not being factored in, this is just pure TA)
3) The gap in the cloud is wide, the cloud is bearish (red), and eventually the gap should shrink, it has a better chance of getting more narrow that it does wider, but anything can happen. The direction of Span A is bearish (angled down) and Span B is Neutral creating a resistance level. if we consolidate here and don't drop between 20500ish, then we will see Span B stay flat for a while and Span A can start to close the gap in the cloud by moving up as the average of tenkan and Kijun consolidates sideways.
4) %B set to 50 SMA and 2.0 Standard Dev (50 day Bollinger bands), are showing that we are outside of the bands (below 0) and we are heading back within the bands (direction of signal is up towards 0). this is an oversold condition that looks to be stabilizing. signal below 0.0 oversold. signal above 1.0 overbought.
Overall bearish, 20k is a big number, we have a chance of hitting bottom but the only signal that says that is the oversold condition heading back into 2.0 StDev zone. There are a lot more signals saying we are continuing the downtrend.
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