It's very skillfully animated, I have to hand it to you. However, there are some sections that really stand out.
For instance, when Ganondorf dies he's doing a midair kick. I realise you don't have very much sprites to work with, but at least make him disintegrate or something. It just makes a good flash seem sub-par.
Great work though, and I'm sure if you keep this up you'll be flawless!