In here you can set the versioning, press the "Add Versioning" do add another versioning settings.
You will always have the default versioning here, with it you can edit the default "Max Revisions" number and choose to exclude it.
When you add a new versioning an additional box will be added:
When you go to edit the "Collection" box you will get a dropdown with the names of the available collections (this happens only when you already have documents in the database:
You can read more information about the Versioning Bundle here