Additionally, WAVES may be have relatively lower risk relative to other smaller cap coins - Waves is currently 32 for marketcap.
Alternatively, if BTC -0.48% goes lower in the next days to weeks, Waves may go down further.
Several other AltCoins are in similar positions and may be moving up very quickly soon (e.g., see ZECBTC for a similar setup). Several coins have started increasing lately, so the time may be now if you don't mind holding them for weeks to months and you know what coins you are willing to hold and what risk are you willing to take.
This is not meant as trading advice.