TraderMayne on IN THE TRENCHES EP. 69
TraderMayne says Technical Analysis still matters in trenching ‘I think it's like the super tiny market caps especially with these coins where there’s people buying stuff under $100,000 and like this person owns a percentage of the supply that you know quite literally if they dump it it’s gonna nuke through any imaginary line that you drew’ ‘It’s probably not as relevant TA though is a bit of a self-fulfilling prophecy like why does a trend line or a level of support work if enough people believe that this is support and buy there it becomes support, if you remember when Tom Lee ETH was trading up towards like $4,000 he was all the way into the top he had this quant’ ‘There’s more buyers than sellers price will go up there’s more sellers than buyers price will go down it’s the only thing that can happen it’s zero sum’
