Yes. But you'll have to pre-twist the bundles as shown here, before making the 2nd loop..
https://www.youtube.com/watch?v=C07evRZT_PQ
What I'm not fully sure of is how much to pre-twist them. Or to prevent cabling.. and when to reverse twist the entire string vs. just the loops: I think the entire string should be reverse twisted only if using shorter natural fibers? But otherwise only the loops.