Balloons can represent your love life or hopes and dreams (see balloon colors meaning). If you are holding a balloon and let it go symbolizes that you “let go” of your goals that you worked hard at. If your balloon pops it represents a sudden embarrassment or failure in something that should be taking off. Holding on to a bunch of balloons means that you are very proud of your achievements. If you are in the sky in a hot air balloon it suggests positive transition and movements in your life.