descending triangle in an uptrend

BTC will decline to $805 (just right above $800). Till the end of January it will make a descending triangle and on the basis on situation in China and other news it will make new high or new low to the closest support / resistance.
More likely it will decline to $750 because people will take profits. Further decline to $700 is possible because even such decline still will not deny long term uptrend back to $1150 resistance