It appears to be closer to $1000 that $1500, but it is very possible. There are several parameters in this trend, it can be simply stretched out and onionskinned, but I could also distinguish bigger waves that would morph the totality of the shape (
As Above, So Below), and there is also pretty big contrast change in waves' heights, the ups and downs match in their chronology, but not necessarily their heights.
If you are right, I wonder what that will do to bitcoin's mining - it surely won't be profitable, so will they start switching to other blockchains (like bitcoincash?)