The price several times had a great react to 120-days moving average line and 120-MA played supportive role until january 31sr 2018 ,when the price made a downward hole and then the 120-MA as a supporter prevent the bitcoin to rise.
After the price moved feom inside of the cloud to down, the had still the resistance role, which in the resent movement was done up to 11600 dollors. and exactly at that price it prevents the bitcoins's price to rise into the cloud.
We may observe the first type in the recent movement with the price of 6600-6800 dollars. which is D point of the bat's .
Also this range is a tangent to the long-term line.
SL= 11000 $
TP= 6600-6800 $