Brave New Coin analyst Josh Olszewicz used the Ichimoku Cloud to forecast “once in a quarter” opportunity to buy Bitcoin.

Crypto analyst at Brave New Coin Josh Olszewicz says Bitcoin (BTC) is about to see a buy signal that just one-quarter of the cryptocurrency goes through.

Olszewicz posted a video commentary on the chart below in a Tweet on April 19th to explain BTC’s “once in a quarter, once a year, biannual trade opportunity”. The analyst suggested that for the first time in five weeks, the digital asset is about to cross over the Ichimoku Cloud. Also, which could mean the price will be considerably higher than the $7,167 at the time of writing.

“It doesn’t happen very often,” Olszewicz said in the video. Also, while acknowledging this analytical method makes his money by simply “buy and hold.”

In 2019, the BTC price rose 250 percent

The Cloud is a more visual way to view patterns in crypto-currency, define support. And the opposition, recognize trend direction, gage momentum, and deliver trade signals. Many averages offer investors a way of predicting whether the price will turn bearish or bullish.

Before that, the approach was used to examine bullish patterns in BTC. In 2019, the push above the red cloud marked a $4,000 to $14,000 rally of 250 percent in the BTC stock.

Currently, BTC is priced in the $7000s and has three weeks left before the rewards halve. Olszewicz did not provide a timetable for 2020 as to when the cryptocurrency could turn bullish. However, emphasized that the Cloud was flashing a “buy signal opportunity”. Next few weeks.