1. Open a new document, 600x700. Press D on your keyboard to reset your colors. Make sure your background color is WHITE
2. Filter>Render>Clouds.
3. Now get your Gradient Tool and choose Black, White / Linear Gradient / Mode: Difference. Go crazy with it at least 50 times
4. Create a new layer
5. Filter>Render>Clouds on the new layer
6. Set the blending mode to lighten
7. Now press CTRL+E to merge down
8. Filter>Blur>Radial Blur. Use these settings:
Amount: 100
Blur Method: Zoom
Quality: Best
9. Press CTRL+F to redo step 8
10. Filter>Artistic>Plastic Wrap. Use these settings:
Highlight Strength: 20
Detail: 15
Smoothness: 5
11. Image>Adjust>Brightness/Contrast. Use these settings:
Brightness: -23
Contrast: 12
12. Press CTRL+U and colorize, i used these settings:
Hue: 193
Saturation: 69
Lightness: +31
13. And your done!
Final Result:
CLICK HERE! 