As of now is that the market does have a lot of tendency to fall down the more than to move lower. A lot of people may be very optimistic to see the market recover at this stage, but to me, it is still very early to judge. Now is the time to wait it out and those who are impatient enough may just eventually not getting the best value in the long run ?

Waiting may be the best bet right now as nothing is certain yet. Bitcoin is not showing much sign of a huge bounce yet and volume is a little bit low, so it is better to also stay on the sideline to see how things would end up.

Firstly, the trend line of support from the wedge has been broken which is not a good sign, there is nothing to affirm a bullish momentum yet which sure shows there is more room to the downside, so in the real sense, anything anyone is doing now in the market with respect to buying is a gamble.  However, patience should be a little bit in the picture or buying in margins.