USDT.D has been inversely correlated to BTCUSD.
Looking at major tops and bottoms of BTCUSD in the last 4 years and noting the price action of USDT.D at same intervals, several patterns have been noted.
Overal trajectory is an upward channel with BTCUSD tops marked by a touch on the lower channel, and BTCUSD bottoms being bormed when USDT.D breaks above the parallel channel and forms a double top or triple top pattern.
The 4 horizontal lines (in yellow) start from when USDT.D crosses the upper channel for first time after a BTCUSDT bear market and it extends until USDT.D touches it near the bottom of the channel, marking the next BTCUSD cycle top.
Based on these patterns, the next 1 to 2 years price action can be hypothesized, suggesting a USDT.D bottom around late 2023 / early 2024 (with inversely correlated BTCUSD marking a top).
If USDT.D does a double bottom along the parallel channel (as it did in 2021), then BTCUSD could make a higher ATH later in 2024 or early 2025, before the next major bear market ensues.
Chart image below is from August 2022, with top marked before it topped out.
Looking at major tops and bottoms of BTCUSD in the last 4 years and noting the price action of USDT.D at same intervals, several patterns have been noted.
Overal trajectory is an upward channel with BTCUSD tops marked by a touch on the lower channel, and BTCUSD bottoms being bormed when USDT.D breaks above the parallel channel and forms a double top or triple top pattern.
The 4 horizontal lines (in yellow) start from when USDT.D crosses the upper channel for first time after a BTCUSDT bear market and it extends until USDT.D touches it near the bottom of the channel, marking the next BTCUSD cycle top.
Based on these patterns, the next 1 to 2 years price action can be hypothesized, suggesting a USDT.D bottom around late 2023 / early 2024 (with inversely correlated BTCUSD marking a top).
If USDT.D does a double bottom along the parallel channel (as it did in 2021), then BTCUSD could make a higher ATH later in 2024 or early 2025, before the next major bear market ensues.
Chart image below is from August 2022, with top marked before it topped out.