Amadeus Baé, CEO
Since the COVID-19 pandemic, the correlation between Bitcoin and the equities market has increased. For instance, on the 12th of March, the price of Bitcoin fell below $4,000 as there was a sudden flight to liquidity, and thus, a lot of investors had margin calls in Equity that had to be covered by liquidating other assets like Bitcoins into cash—to meet those margin calls elsewhere. The following months saw the Bitcoin prices recover again and eventually soar up to $19,000. Thus, it can be established that there is a lot of uncertainty in how things will pan out, and Bitcoin is no exception. “Unexpected crisis situations can be better handled with digital trading solutions that are faster, sharper than the human mind. Those data based trading tools can help clients react faster and more efficiently to create opportunities and make a profit during these trying times,” says Amadeus Baé, the CEO of OCTORACLE.
The company provides a combination of fundamental, sentiment, and analytic trading tools—supported by a deep learning AI—to help clients achieve the best possible results in a homogeneous environment on different exchanges. “The tools use indicators important to predetermine big movements (whale call) on the blockchain and help understand it better generally,” mentions Baé. OCTORACLE’s Trading & Analytic tools include Trading Bot, Arbitrage Bot, Indicator Bot, News Scan Bot, Socialmediascan-Bot, and Moverscan-Bot.
The Trading Bot tool offers automated trading for Bitcoin and Altcoins. This enables users to have the flexibility to trade on exchanges like Bittrex, Bitfinex, Binance, and Kraken.
The Arbitrage Bot allows users to profit internally on a single or between two different exchanges. On the other hand, the Indicator Bot is able to include signals of different indicators. Different indicators can be used in synergy or separately for buying and selling options. More importantly, each user can create and save strategies personally or use templates. Further, the News-Based Analysis trading strategy will analyze the degree of credibility for each source systematically. Thus, the probability of “Fake News” can be calculated.
Clients use our adaptive strategies to maximize results amidst the ever changing market situations
With the Socialmediascan-Bot, OCTORACLE understands the social media speculations and uses the sentiment of the market from people’s point of view consciously. And lastly, the Moverscan-Bot allows users to scan all cryptocurrencies and observe the rise of selected coins. Through a fine-tune set up, the coins of interest can be filtered and displayed to the user. “Clients use our adaptive strategies to maximize results amidst the ever changing market situations. This also enables them to prevent making decisions based on emotions and stay focused,” informs Baé.
Staying true to its objective of providing an autopilot to guide clients through the turbulent market, OCTORACLE is indeed carving a unique niche for itself. The company has taken a completely new approach based on price movements in combination with all other technical indicators, whereas its competition relies entirely on one of those indicators, not necessarily taking into consideration the price movements. “We are able to understand the problems of trading from a completely fresh perspective,” says Baé. Striding ahead, OCTORACLE wants to reach as many people as possible and prove that its concept works and facilitates trading immensely. Also, the company is looking for expansion into the traditional financial capital market. “We want to show clients that it is a good way to earn money and a great way for hedge funds and professional traders,” concludes Baé.