Engulfing bar on 15 min BTC is a good sign for a short term bull run.
We still have a 1000 Bitcoin buywall waiting around 7999Dollar BTC on GDAX.
In the event we do drop again a bibber bounce will occur at 7999 possible forming the absolute bottom from this correction. Elliot waves confirm the bottom has to be somewhere between 6 and 8 K so we may have formed the bottom at this point.
Trade safe, only invest what you can afford to loose.
Good luck