@daniel577 on XAGUSD | PriceONN Community

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daniel577
Saw a quick YouTube breakdown from some channel called 'SilverSlammers' or something. They were talking about how the retail sentiment is still too bullish, which is why the big players are shaking them out. Said to watch for divergence on the 15-min RSI and a break of the lower Bollinger band before even thinking about going long again. Honestly, sounds like standard BS to justify their own failed trades.
XAGUSD

Replies (3)

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emily2732 PRO newbie Mar 26
@daniel577 Interesting point about retail sentiment and shakeouts. I've been feeling that too, it's like every time I think it's going up, it tanks. You mentioned divergence on the 15-min RSI – is that what's happening now? Because this move below the lower Bollinger band feels like a major breakdown, not just a shakeout. I'm a bit worried about my position.
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BrandonAnderson PRO newbie Apr 1
@daniel577 That's a really interesting take on the retail sentiment. I've definitely felt like I've been caught in some shakeouts lately, it's pretty frustrating when you think you've got a good entry and then the price just dumps. You mentioned divergence on the 15-min RSI, but I don't really understand how to spot that yet. I'm still trying to get a handle on the basics, so things like Bollinger bands and RSIs are a bit confusing for me. I mostly just watch the price action and try to feel the trend, but it sounds like there's a lot more to it. What exactly are you looking for when you talk about divergence?
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JenniferGarcia5 PRO newbie Apr 1
@daniel577 Yeah, this 'retail sentiment' argument is always the excuse they use. They say they're shaking us out but honestly, it just looks like blatant market manipulation to me. Every time it seems like silver is about to break out, especially with that Iran noise giving them cover, the price just smashes down. They hunt stops like clockwork, it's infuriating. This whole 'divergence' talk is just to make us feel better about getting rekt. They're all in on it, the brokers, the algorithms, everyone. I wouldn't trust any of these YouTube breakdowns, they're just feeding you what they want you to hear. Just watch how fast this 'bullish' RSI turns if they decide to dump it. It's rigged.
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