60% of our portfolio we dont touch, because we're still LONG in the longterm.
Prepare for a bounce testing the 10650-12000 range.
folks thats your last chance selling before we go 5-6k btc.
BTC will still go lower, it needs to double test the bottom before we got really confirmation of the BOTTOM, this will take TIme (up to 2 months)
The Volume, The Volume is the key factor to watch. we still need a bottoming volume! around 3000-5000$ is a good accumulation range.
can bounce up to 50% up from there.
Also NOTE, in 2013 correction we went down 40-50% down from the SMA 200 , MA 200!
thats how i come up with 3k-5k
Note2: -20% fib 0.236 is a perfect buy range, 2,5k to 3,5k
The price will level out end of februar - Mid March.
Expect the correction to be over starting april
Anyway, to answer your question, I expect BTC starting to retrace around 11950$, I could be wrong, but the probability is very high it will begin to fall from this area.
If im wrong about the last wave and BTC goes above 14000$ im more than happy to rebuy at this range, this means we're clearly out of the woods.
So taking profit is never a bad idea, unfortunately in your case minimize your looses (i would sell 30-40% at most). Alot of us bought when btc was around 4000 $, some would consider sell and rebuy later when its more safe:)
THE BIGGER picture is, im still very very bullish longterm, i see btc in 2 years around 50.000 USD easily.