Without going into a philosophical discussion about why TA works at all, i do understand this interesting perspective - "the market knows all", although i got no real data to support what i am about to say, my gut feeling is that this approach might be true for a well established mature and vastly larger market. With something so new, and relatively small (compared to traditional markets) an furthermore with relatively small amount of players controlling the liquid asset in play, i seriously doubt you can take manipulation out of the equation and thus as TA couldn't predict the timing of the rise i doubt it really predicted the timing of the correction.