Check out my full blog post!
www.derzzycharts.com...lt-and-usdtd-in-sync
We are always looking for ways to have an edge. There are technical indicators that can help us know the trend of the market, then there is intermarket analysis. We have a new correlation to keep an eye on and that is TLT and USDT.D. So how can we use this? Well when USDT.D is gaining market share, that is bad for BTC. They are inversely correlated, while TLT and USDT.D have a positive correlation. So if we see TLT rip to new all time highs, we can assume that USDT.D will follow, which brings BTC down with it. If we see see TLT put in a higher low, then we can watch and see if USDT.D also puts in a higher low, which is good for BTC.
This one looks promising as a leading indicator for some rotation into USDT. I like it because it’s so simple! TLT lead by roughly 2 months this past time. Timeframes can vary quite a bit, but we can use that as an estimate for now. Just more proof that BTC has intermarket correlations with the other markets! I personally think this is a good thing. Anything to help lock in the gains and be on the right side of the trend is useful. Keep your head on a swivel!
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
www.derzzycharts.com...lt-and-usdtd-in-sync
We are always looking for ways to have an edge. There are technical indicators that can help us know the trend of the market, then there is intermarket analysis. We have a new correlation to keep an eye on and that is TLT and USDT.D. So how can we use this? Well when USDT.D is gaining market share, that is bad for BTC. They are inversely correlated, while TLT and USDT.D have a positive correlation. So if we see TLT rip to new all time highs, we can assume that USDT.D will follow, which brings BTC down with it. If we see see TLT put in a higher low, then we can watch and see if USDT.D also puts in a higher low, which is good for BTC.
This one looks promising as a leading indicator for some rotation into USDT. I like it because it’s so simple! TLT lead by roughly 2 months this past time. Timeframes can vary quite a bit, but we can use that as an estimate for now. Just more proof that BTC has intermarket correlations with the other markets! I personally think this is a good thing. Anything to help lock in the gains and be on the right side of the trend is useful. Keep your head on a swivel!
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
