I used 5.3.18 Baikal kernal by ps4boot & mircoho and tried both Nazky’s and psxita's initramfs still didn't changed, I had ArchLinux by Darkstorm in the USB. Here is the error without doing any commands:
Mounting /proc
Mounting /sys
Create all the syslinks to /bin/busybox
Mounting /dev (devtmpts)…
Mount: Mounting /ps4hdd/home/Arch.img on /newroot failed: No such file or directory
Mounting /newroot…
The “root” variable is empty, set to false or zero but shouldn’t be. (P.S. this line of text was red)
Dropping to rescueshell because of above error.
Rescues sheel (busybox’s /bin/sh)
To reboot ‘control-alt-delete’. If you wish resume booting process, run ‘resume-boot'
If I were to use 'resume-boot' I got this:
Killed
Moving /dev to /newroot/dev failed: No such file or directory
mount –move /dev /newroot/dev’ failed
dropping to rescueshell because of above error
Rescue shell (busybox’s /bin/sh
For some reason I got a different message if I do it again:
There is no executable ‘newroot//sbin/init’.