Ledger Cast: Traders Say Sell the Pops in a Crypto Downtrend

The latest episode of Ledger Cast, titled "Pops are for fading," puts a blunt message to crypto traders: in a downtrend, bounces are for selling.

Host Brian Krogsgard, who posts as @ledgerstatus, was joined by co-host Josh Olszewicz (@carpenoctom) and special guest Jonny Moe. The trio spent the episode working through the state of the market and the broader downtrend. Their shared view, according to the show's description, is that moves up in this environment should be sold into rather than chased.

"Fading" a move is trader shorthand for betting against it. The idea is that during a sustained decline, short-lived rallies tend to run out of steam and roll over, so they offer better exits or short entries than entries for new longs. It is a stance that runs against the instinct to read every green candle as the start of a recovery.

That kind of thinking is common among technically minded traders, and Olszewicz is one of them. He writes for Brave New Coin, produces videos for its Insights series and runs his own YouTube channel. Ledger Cast itself focuses on cryptocurrency trading and the wider blockchain ecosystem, and is available on iTunes, Spotify, Google Podcasts, Stitcher, YouTube and via RSS.

The show is careful to frame its content as education. The hosts say nothing in the podcast should be treated as investment advice, and listeners are told to do their own research before buying anything. That caveat matters here, since a "sell the rallies" call is a view on direction, and trend calls can fail quickly when momentum turns.

The episode is sponsored by TokenSets, which offers asset management tools for building and managing crypto portfolios, including community-created Sets such as the DeFi Pulse Index and Tulips. Music comes from Joel Madison Blount's track "Oh, the chains."

For traders weighing whether a bounce is real, the episode offers a clear counterpoint: until the downtrend actually breaks, these guests would rather sell strength than buy it.