The crypto currency market has never been a financial bubble. Just because of the low liquidity, the crypto currency is easy to manipulate, which is what some enterprising financiers use. At the moment it's impossible to say exactly what the global recession of the crypto-currency market has ended, but it is possible to make long-term investments in those projects that you truly trust. After all, in the crypto industry there must be real projects that work and realize their ideas, which means that one day the recession will definitely end and there will be growth!
I agree with these points, regardless if we are in an uptrend or downtrend, if you invest in serious projects that will deliver and add value to the ecosystem, then you can always make some profit. I am not sure though if we are really in a global recession. I think when we are in a true recession we will not see any ICOs anymore, people have given up, and project and project dies.