The reason TA is a bunch of malarkey is because if somebody could simply look at a chart to predict future price movements than everybody else would do it to, m

The reason TA is a bunch of malarkey is because if somebody could simply look at a chart to predict future price movements than everybody else would do it to, making such prediction worthless. Same is true of anything else that is public knowledge. Once everybody has that knowledge, you lose the ability to profit off it. It is one of the core foundations that underpin up modern finance (something that Bitcoin advocates would be keen to learn about...) - see also [Efficient Market Hypothesis](https://en.wikipedia.org/wiki/Efficient-market_hypothesis https://en.wikipedia.org/wiki/Efficient-market_hypothesis), [Modigliani and Miller Capital Structure Theory](https://en.wikipedia.org/wiki/Modigliani%E2%80%93Miller_theorem https://en.wikipedia.org/wiki/Modigliani%E2%80%93Miller_theo...), or the [Modern Portfolio Theory](https://en.wikipedia.org/wiki/Modern_portfolio_theory https://en.wikipedia.org/wiki/Modern_portfolio_theory). In short, TA has refuted time and time again. It's complete garbage used only by amatures.