First Possible Sighting of UFO: It began to move toward me!

I left work later in the night and decided to spend some downtime in a parks empty parking lot. Close to the time I was about to leave I noticed a ball of reddish/orange light that seemed to be one or two neighborhoods away. It was hard to tell what it was because there was no definite shape at first. I also don’t recall how long it had been there seeing as I had been staring at the sky and my phone for 20 mins at that point. It looked too big to be a star and didn’t move at all. I took a short video to catch it at 11:58pm.
 Suddenly it began to lift vertically into the sky very slowly, too slowly to catch on camera with shaky hands but visible to me. I took another short video but again the camera wasn’t good enough. I was trying to be rational but a kinda stubby beam the same color seemed to protrude out very slightly from the bottom. It wasn’t the long white beam I thought I’d see in my first encounter but it was apparent.
 The object continued to rise into the sky. I had music playing on my phone at less than half volume so I could still hear a pen drop. No sound was ever heard during any of this encounter. It was silent. Then lights began to blink, about 4 green vertical rectangular lights on the right side, and 4 red ones on the left. I took a third and final video of the blinking lights which only appear slightly in my video at 12:00am. When I zoom into the video it looks similar a sun with five/six hoops moving around it like an atom.
 At that point it was a lot higher in the sky and began moving toward me at a rate that continues to send chills down my back hours later. I could tell it was fast because the size of the object increased in less than seconds. I immediately started my car, reversed, and sped off. As I was speeding off i FaceTimed my friend to explain what was happening as quickly as I could. When I was turning out of the park, I took a quick glance- but nothing. The sky was empty. The encounter felt like forever, when I looked at the timestamps I really couldn’t believe it was only about 2 mins.   I’ve never been so shaken up by anything before.