I prefer to use the average weighted cost method of buying due to the high of these markets. Never attempt to put all your eggs in one basket at a time, that is asking to get burned. Most of the time you will see a better buy opportunity that the first time you buy. Calling the bottoms are very tough.
Trust the fibonacci lines where the breakouts can occur, and keep calm.
If price breaks the channel with against its previous resistance, I will update for further thoughts.
You can see the indicator still showing much more room to fall, as there has been no movement of any upwards direction. Watch your large timeframe indicators for more accurate positions. Don't be fooled!
Happy Trading As Always!