I would like to show you how to create a magic ball, which you can use as a wonderful colorized picture.

Step 1.
Create a new 450X350 pixels document. Set a white color for a foreground and a black color for a background. Apply Edit > Fill... with a black color. Apply Filter > Texture > Stained Glass with the following settings: Cell Size -> 50, Border Thickness -> 1, Light Intensity -> 10.

Step 2.
Apply Filter > Sketch > Chrome with the following settings: Detail -> 0, Smoothness -> 10 and then apply Filter > Stylize > Glowing Edges with the following settings: Edge Width -> 4, Edge Brightness -> 7, Smoothness -> 5. Duplicate a layer, go to the top layer and apply Filter > Distort > Glass with the following settings: Distortion -> 11, Smootness -> 5, Texture -> Frosted, Scaling -> 57%. Apply Filter > Blur > Radial Blur with the following settings: Amount -> 100, Blur Method -> Zoom, Quality -> Good. Then change the Blending Mode to "Difference". Then merge down your layers together (Ctrl + E).

Step 3.
Duplicate a layer, go to the top layer and apply Filter > Blur > Gaussian Blur with Radius -> 2,0. Then apply Image > Adjustments > Hue/Saturation with the following settings: Hue -> 326, Saturation -> 35, Lightness -> +9 and change the Blending Mode to 'Screen'. Then merge down our two layers (Ctrl + E).

Step 4.
Duplicate a layer and set a pink color (#fa0ab9) for a foreground and blue color (#0c8efd) for a background. Go to the top layer and apply Filter > Render > Clouds.

Step 5.
Change the Blending Mode to 'Color Dodge'. Then merge down your layers together.

Step 6.
Apply Filter > Distort > Polar Coordinates.

Step 7.
Use Dodge Tool outside the colorized ball. Then use Smudge Tool and Blur Tool inside your ball. And that is this.