When teaming a player, entity or mob with a invisible effect with yourself, the entity becomes 'translucent'. Unfortunately, Liquids, signs, beacon beams, particles, items in item frames, etc.
Will not render when "looking through" the entity.
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Thank you for your report!
We're actually already tracking this issue in MC-165958, so I resolved and linked this ticket as a duplicate.
If you would like to add a vote and any extra information to the main ticket it would be appreciated.
If you haven't already, you might like to make use of the search feature in the future to see if the issue has already been reported.
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Also MC-168137