I'm not against new hypotheses, but TA is simply pattern seeking behavior with no utility. I have my own Bitcoin pseudoscience I call "Rule of Thirds and Superstitious Numbers." It's just as useful as TA. I just don't take it seriously.
Larry Williams. In 1987, he wins the World Championship in futures trading putting to use TA indicators which he developed himself, to turn $10K to $ 1 million within the space of a year. Someone should have told him that he could have have saved himself the bother of developing his own indicators and just plunked for the 'Rule of Thirds and Superstitious Numbers' method, as it just as good.
I think I saw his infomercial. Thanks, but I'll stick to HODL.