Yeah, the krasen is come and gone in the first 24-36 hours of fermentation, typically. What you should see, however, is a ring of residue just above the wort level where the krausen used to be.
But yeah, you are focusing on the wrong thing. Gravity is the only true indicator of fermentation.
I've brewed the same exact brew before at different times and had heavy krausen in one and almost undetectable krausen in another, so it is inconsistent at best as a sign of fermentation.