Start a new document 600x600.

Create a new layer and fill it with black.

Reset your colors to default by pressing "D".

Then go to Filter » Render » Difference Clouds.
Press CTRL+F to reapply the filter. You should get a darker effect like mine.

Then Filter » Stylize » Wind.
Method: Wind
Direction: From the left.

CTRL+F about 6 times to reapply the filter.

Now Images » Rotate Canvas » 90CW

Then CTRL+F 6 times to reapply the wind filter.

Then rotate the image back. Images » Rotate Canvas » 90CCW

Then Filter » Stylize » Wind
Method: Wind
Direction: From the Left.

Reapply about 6 times by press CTRL+F 6 times.

Here you can do 1 of 2 things, each will give a different effect. Only do one of the following, NOT BOTH.

1. Image » Rotate Canvas » 90CW (surface points upwards.)

or

2. Image » Rotate Canvas » 90CCW (surface runs flat.).

In this tutorial, i'll do the option #1.

Then Filter » Sharpen » Unsharp Mask.
Amount: 500%
Radius:1.2
Threshold: 0

Now Duplicate this layer (CTRL+J) and then Edit » Transform » Flip Vertical.

Use the Eraser tool brush size of 200 or 300 SOFT EDGE to erase out the black line to reveal the bottom layer, giving it a full circle look.

Then Layer » Flatten Image to merge all the layers together. You should now have 1 single layer with an image similar to the left.

Now open the Color Balance (image » Adjustments » Color Balance) box and play around with the colors sliders to get some really nice colors.

You can try The Filter » Sharpen » Sharpen to sharpen the image, giving it more rough details.

You can also try the Filter » Distort Spherize filter with a negative (-) value.

Like always, play around and come up with something unique