OneOfTheChosenOnes

Conflux ($CFX ) has printed a decisive breakout from its multi-month descending trendline, confirmed by significant impulse volume. This is a clear market structure break on the daily chart, shifting our bias to bullish for a potential swing trade. The initial impulsive leg has concluded, and we are now anticipating a corrective pullback into key liquidity zones before a potential continuation.

The current strategy is to patiently bid on confluence zones, not chase the existing price action.

Primary Area of Interest (AOI 1): $0.1500 - $0.1300
This zone represents the classic resistance-to-support (R/S) flip. We are looking for price to retrace to this level and show signs of absorption. Entry will be contingent on a bullish confirmation on a lower timeframe (e.g., a 4H reclaim or bullish divergence) to mitigate the risk of a failed retest.
Secondary Bid Zone (AOI 2): $0.1060 - $0.0950
If the primary zone fails to hold and we see a deeper corrective leg, this high-timeframe (HTF) demand block is the next logical area of confluence. This is the origin of the breakout impulse, and we would expect significant bid-side liquidity to defend this level. This is our area for scaling in or placing final bids for a high-conviction entry.
Targets & Invalidation:
Take-Profit (TP) Target: ~$0.31+
This level aligns with the last significant supply zone where major distribution occurred. It's the logical primary target for taking profit. Partial profit-taking at key levels on the way up is advised to de-risk the position.
Invalidation / Stop-Loss (SL):
The bullish thesis is invalidated on a clean break and close below the secondary bid zone (~$0.0900). Any position sizing must be calculated against this invalidation point to ensure a favorable risk-to-reward (R:R) ratio.
Conclusion: Patience is key. We don't chase the pump; we wait for the price to come to our predetermined levels of interest. No reaction in our zones means no trade.

DYOR! Don't let greed or FOMO burn your money - control risks when opening new positions: Size positions appropriately (1-2% risk maximum), don't use very high leverage, always set a stop loss.
#CFX

I have always been close to the idea of using AI for the tasks of technical analysis of coins, because the AI has obviously better memory than I have, and the database for all possible indicators - too, in addition, in decision-making AI is not subject to human emotions, such as greed for example.
So I took a screenshot of the TradingView window on a 4 hour timeframe and uploaded to Claude.AI with their most advanced model to date (Claude 3.7 Sonnet)

I've tried different prompts, but so far I've settled on this one
You are a professional technical analyst with vast experience. Analyze this updated Bitcoin chart on a 4-hour timeframe and predict what the future movements of Bitcoin price may be, what are the support and resistance levels, what will be your recommendations for trade setup
although it can and should certainly be improved in the future.
As a result, the AI produced quite useful and detailed information that correlates quite well with my own knowledge of technical analysis:
Looking at this updated 4-hour Bitcoin chart from Binance, I can provide the following technical analysis:Current market conditions:- Bitcoin is trading at $88,815.5 (timestamp 02:44:35)- Price has bounced from the recent lows we saw in previous charts- Currently showing a slight decline of -0.04% (-36.3 points)Technical indicators:- RSI has improved to 29.19 (purple line) and 30.24 (yellow line), still oversold but showing recovery- MACD remains bearish at -460.7, -2,151.7, -1,691.1 but showing reduced negative momentum compared to previous readings- The recent price action shows a potential bottom formation with a V-shaped recoveryPrice action analysis:- The chart shows a significant bounce from the lows of approximately $87,000- Formation of a bullish 4-hour candle indicates potential short-term reversal- Volume appears to be supporting the recent bounceSupport and resistance levels:- Current support: $87,500-88,000 (area of recent bounce)- Secondary support: $86,000 (if the current level fails)- Immediate resistance: $90,000 (psychological level)- Major resistance: $92,000-93,000 (previous support now resistance)Price prediction:- Short-term (1-3 days): Likely continuation of the relief rally toward $90,000-92,000- Medium-term (1-2 weeks): Potential retest of the lows after the relief rally completes- The market is showing early signs of bottoming process but requires confirmationTrade setup recommendations:1. Long trade opportunity: - Entry: Current price ($88,815) or slight pullback to $88,300 - Stop loss: Below recent low at $86,800 - Take profit targets: * First target: $90,000 (psychological resistance) * Second target: $92,000 (previous support now resistance) - Risk/reward ratio: Approximately 1:2.52. For those in short positions: - Consider taking profits or reducing position size - Move stop loss to breakeven if you intend to holdKey observations:- The RSI improving from extreme oversold conditions suggests the relief rally has room to continue- MACD is showing reduced negative momentum, supporting potential short-term upside- The price action after a sharp decline often forms a relief rally before determining longer-term directionRisk management considerations:- Size positions appropriately (1-2% risk maximum)- This market remains highly volatile- The overall trend is still bearish despite the current bounce- Consider trailing stops once in profit to protect gainsThis analysis represents the current market conditions and may need adjustment as new price action develops.
In the near future I will try to automate the receipt of screenshots from TradingView and their processing by Claude API with the subsequent output of analysis on selected coins to the Telegram channel.
I hope that readers have found this text to be reasonably useful 😀