The cryptocurrency market is on track to outperform any other asset class. This is a market like no other. Unprecedented accessibility to cryptocurrency trading and the high volume of retail traders has led to a market uniquely sensitive to emotions, social narratives and news. In such a market, social consensus is a major influencer of retail trades.
Libra Method is a unique trading robot or ‘bot’ that combines the velocity of advanced automatic trading software with professionally analyzed, market-sensitive data from global cryptocurrency exchanges and the social media platform Facebook.
Combined, this data provides a unique insight into the rapidly shifting narratives behind leading cryptocurrencies to accurately predict trading outcomes. Is it too good to be true? We take a look at Libra Method to see if it really does provide a market advantage over regular cryptocurrency trading bots.
Cryptocurrency or ‘crypto’ is billed as world-changing technology that many predict could disrupt the global financial system and banking industry itself. Driven by blockchain technology, it offers a trustless, frictionless and fairer solution to the growing equality of the legacy financial system.
With so much hype, it comes as little surprise that crypto is prone to incredible price swings, and it is this volatility that makes it so difficult to predict what a cryptocurrency will do next. That’s where Libra Method has an advantage, identifying trends with Facebook data to inform a trading bot when to trade.
The team behind Libra Method consists of former cryptocurrency traders who wanted to design a platform that had an advantage over regular trading bots. Having noted the extreme volatility of the cryptocurrency market, the Libra Method team also identified its hypersensitivity to social consensus and studied how this data could be harnessed to improve the accuracy of trades. The rational conclusion was to combine a rapid response trading bot with detailed social media and exchange data.
Complete a basic registration form and receive the free proprietary software
Fund your trading account – Securely deposit your desired trading capital (minimum $250)
With a simple click you can now trade with the proprietary social media-trading algorithm
With everyone talking about cryptocurrency on Facebook it made sense to me that someone should be collecting all that data and using it for trading advantage. After all, Facebook knows just about everything about us. I have been pleasantly surprised with the robot’s ability to pick winners
We trialled the software and found Libra Method to be as reactive in identifying trends and executing trades as claimed. The user interface is beginner friendly and the bot can operate with little input from the trader. The ability to customize trading targets and set stop losses is reassuring.
We found the social media trend feed particularly useful, as it aggregates relevant social consensus data to update the bot and informs the trader of the newly identified trend.
Libra Method collates masses of Facebook user data, scanning for comments related to cryptocurrency and determining if they are ‘bullish’ or ‘bearish’ trading signals. This data is then combined with technical analysis from major global exchanges and converted into trading signals to inform an automatic trading bot. Most importantly, users still retain complete control over their trades and can adjust the bot to ignore certain signals and only trade within safe parameters.
We believe Libra Method is a valuable tool for both the proactive and passive trader. More active crypto investors/traders could utilize Libra Method to supplement an existing trading strategy. For example, it could be particularly useful to gauge sentiment on particularly volatile cryptocurrencies and rapidly respond to enter and exit trades. The more passive investor can set parameters that they feel comfortable with and let the automated trading system do all the work, without having to always be watching the trading screen.
Overall we are very impressed with Libra Method, which efficiently combines an underrated and much-overlooked component of cryptocurrency trading, market sentiment, with a genuinely intelligent algorithmically sound bot.
We found it particularly precise in identifying ‘swing trades’, or lucrative trades that occur when a cryptocurrency changes direction, bouncing off ‘support’ or failing to break ‘resistance’. Social media chatter increases during these two events. The customer support was also responsive and the set and forget nature of the bot will appeal to inexperienced traders.
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