Strong bearish move imminent

On the Daily chart we see BTCUSD is failing to make any new highs and has formed the bearish descending triangle pattern. We have just seen a kumo twist which is now showing the cloud as bearish.

If we see a downward kumo breakout I believe this could be the catalyst to break though the descending triangles base and could see a move down to the $429 level of support.

Price would need to see some significant strength in the next couple of days to avoid the kumo breakout to the downside.