Yeah it is not good sign for me, 1% -2% recovery in a day really bad for me because i want to see the crypto recoveries not happen today. I want to see the crypto keep fall, so i can collect crypto in cheap price. Hope that it will happen again, because that was good chance to catch the ticket for tomorrow trading.
Those stuffs you guys are calling recovery are bear flags and that does not show anything else than the market is still in a huge downtrend and shows a possibility of falling down lower.
They are just patterns and that does not mean the market is trying to pick up or have a bounce but when there is indeed a bounce, I am sure it would be pronounced enough with high volume on break out most of the time. For now, there is nothing like moon. What claims being made now a days, I am believing that bitcoin has already started to touch moon. Soon, we may see bitcoin prices to test $10,000 levels and that may happen in few days also.