I'm definitely waiting until market correction - not trying to buy into a falling knife.
Your waiting may last infinitely as you will never able to figure out when will be the corrections ending. I like to suggest you to ignore altcoins completely and do focus on only bitcoins. Buy now some bitcoins for 10% of your capital and wait for one week time and buy again for another 10%. You will be into safer hand if you are ready to buy in average prices.