I don't see any correlation at all between Silver and Bitcoin!!
Thats not to say it isn't there.. I wasn't around & trading silver or bitcoin back then.. but just looking at the two charts.. i don't see any similarities.
(My first thought was: If you look hard enough for what you want to find, you will find it sooner rather than later, and eventually you will find it everywhere you look.
Confirmation bias. You have admitted bearish long term bias, so its natural you seek bearish opinions to confirm your own.)
He compared them on backwardation (really? futures markets have such an impact on btc??)
Hype.. totally subjective.. I could spend all day reading hype articles and sense that there was a 'hype building' around a topic.. or i could ignore them.. and not sense ANY hype at all.
That's just totally subjective and whatever he is sensitive too perceiving.
TSI? Currently well above 0 @~35-40...
So, having look at and compared the charts and the statements.. i just don't get it. IMO, what he's talking about (the guy who replied) is opinion.. or perhaps he just wants to agree with someone he admires, i really don't know.
You'd be better off absorbing what Mr. Lignham has to say, and also if you watch the vid i posted, Mr. Jozza.. he talks about the long-term uptrend that we're in.
Draw a line on your chart, tracing this trend (since around Oct'16) - The area near this line is an entry point if we see a drop. It won't break $900 imo and that's in the worst case scenario.