Each retracement is higher than the last, you should recall that in April there was three items that caused the crash, first MtGox lag and people trading blind, second thing being Bitcoin blockchain being forked causing the real panic, then the moral took it to its low. You can't say it always retraces as at its lowest point was still 5 times higher (60$) than where it took off from in January(12$). I have no ill will against your angst, though you should actually study the come downs a little more. If we were to follow the same pattern you try to use for the basis of your reality then if this all started at a SR crash lows then the new low should be 5xx with some getting excited and lowering the bar perhaps momentarily (though I really don't even a 400$ bid getting filled)