"The head and shoulder pattern are in two forms, the normal Head and Shoulder pattern - which if the neckline is broken, we are bound to see a serious downward trend.

In my experience as a trader, recognizing the normal Head and Shoulder pattern is crucial. If the neckline is breached, it often signals a significant downward trend, providing a key indicator for informed decision-making.

The chart above contains another chart pattern for Steem/Usdt pair. This time, the chart pattern is called the bearish flag pattern. When it does show on a chart, it is an indication of the continuation of a bearish trend.

Based on what I know, spotting the bearish flag pattern in the Steem/USDT pair is crucial for traders. Its appearance often signifies a prolonged bearish trend, influencing my decisions on market positions.

The double bottom is an indication of either a short term reversal or long-term depending on the time frame.

From my observations as a trader, understanding the dual nature of the double bottom pattern is key. Whether signaling a short-term or long-term reversal depends on the timeframe, guiding my strategy adjustments to varying market conditions.

Good luck