That large chunk of buy order is nothing but a ruse to help prevent a bottoming out. Every time it's close to buying anything, it moves down 3-5 satoshi.
The fact that Middlecoin mines 80% of EAC and dumps it for btc promptly is rearing it's fugly face. WAAAAY too much supply. This coin feels more and more abandoned with each passing day.
I dont follow. I wasnt watching the charts for the last few hours, but it looks like the walls were real, just by looking at the depth.
BTW im buying all the way down, hoping for the best.
In at 122, 117, 98, and 92
The 16 coin wall has been around in part or whole for a long time. When it looked like it was going to be sold to, it's owner moved it to a cheaper point. He/she has no intention of buying now, they will probably let eac have at least 6 btc for sale below 100 satoshi before buying, maybe more.
I've been watching them close for 5 hours now. There is nothing pointing to anything but the price falling, barring any sudden, massive purchases. I would hold out for the 80s and 70s.
26 btc to 120 satoshi. Good luck, EAC.
