When USDT hits it's upper bounds, bitcoin tends to bottom and vice versa

In what is probably something that is very intuitive if you really think about it, bitcoin tends to bottom when USDT dominance tends to top out.

When USDT dominance hits resistance and bounces off of it several times, the price of bitcoin tends to bottom and reverse.

We are seeing the first touch right now for USDT of previous resistance levels:

(Source: https://twitter.com/blaakke/status/1486905514487390212/photo/1)

While I'd like to see a few more touches before I'd call this a bottom just yet, it's encouraging to see this setup.

People flee bitcoin to tether and when it starts going up again they flee tether for bitcoin.

Funny how that works...